Urban Logistics Confirms Takeover Proposal from LondonMetric
Why we think this is neutral
This announcement does not contain any of the mandatory news types, such as trading updates, results, or major contract/order news. It is simply a response to press speculation about a potential takeover offer, which does not provide enough information to assess the sentiment positively or negatively.
Key Points
- Urban Logistics has received a preliminary, indicative proposal from LondonMetric Property regarding a possible offer
- The Board is reviewing the proposal with its advisers
- There can be no certainty that any offer will be made or as to the terms of any such offer
Summary
The real estate investment trust has received a preliminary, indicative proposal from LondonMetric Property regarding a possible offer for the company.
Urban Logistics REIT plc has received a preliminary, indicative proposal from LondonMetric Property plc regarding a possible offer for the company. The Board is currently reviewing the proposal with its advisers, but there can be no certainty that any offer will be made nor as to the terms of any such offer.
Key Dates
9 May 2025
Deadline for LondonMetric to announce a firm intention to make an offer or confirm it does not intend to make an offer
GENERAL UPDATE