Helical board confirms several approaches with offers below fair price
10 JUN 2019
The Board of Helical [LON:HLCL], a UK-based property investment and development company, confirmed, further to media speculation, that it has received several unsolicited approaches from different parties.
To date, all the proposals made have been at a significant discount to Helical's EPRA NAV and therefore in the Board's view did not reflect the company’s fair value.
It was previously reported that an unidentified buyout firm had offered GBP 500m (USD 637m) for Helical and that JPMorgan is advising the company.