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LONDON (Reuters) – UK developer of commercial real estate Helical has received an offer of about £ 500 million from a US group of private equity firms, the Sunday Times newspaper reported , without citing sources.
According to the newspaper, this approach valued Helical with a significant premium over the current price of its 355p stock and its market capitalization of 425 million pounds, but at a price below its net badet value of 567 million pounds.
Helical and its outgoing president and main shareholder, Mike Slade, declined to comment, the newspaper added.
(Report by David Milliken)
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