Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. St. Modwen Properties PLC
  6. News
  7. Summary
    SMP   GB0007291015

ST. MODWEN PROPERTIES PLC

(SMP)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

St Modwen Properties : Blackstone raises buyout offer for Britain's St. Modwen Properties to $1.75 billion

06/24/2021 | 02:41am EDT
FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange

(Reuters) - Private equity firm Blackstone Group has sweetened its buyout offer for St. Modwen Properties to 1.25 billion pounds ($1.75 billion), the companies said on Thursday, adding that the London-listed firm was backing the latest proposal.

The 560 pence per share cash offer for St. Modwen is the final offer, the companies said, adding that Blackstone could make another proposal if another suitor for St. Modwen emerged.

Last month, Blackstone put forward a 542 pence per share takeover proposal, after the U.S.-based company had made a series of overtures to the British real estate developer.

The latest offer is at a premium of about 25% to St. Modwen's closing price the day before the first offer was made in May. The company builds homes, owns and manages several industrial and logistics assets in Britain.

($1 = 0.7162 pounds)

(Reporting by Pushkala Aripaka in Bengaluru; Editing by Shounak Dasgupta)


ę Reuters 2021
All news about ST. MODWEN PROPERTIES PLC
08/04FORM 8.3 - THE VANGUARD GROUP, INC. : St. Modwen Properties plc
DJ
08/02FORM 8.3 - THE VANGUARD GROUP, INC. : St. Modwen Properties plc
DJ
08/02ST MODWEN PROPERTIES : Work begins on new Herbert's Yard events venue in Longbri..
PU
07/30FORM 8.3 - THE VANGUARD GROUP, INC. : St. Modwen Properties plc
DJ
07/30MAN GROUP PLC : Form 8.3 - St.Modwen Properties plc
AQ
07/30DIMENSIONAL FUND ADVISORS LTD. : Form 8.3 - ST. MODWEN PROPERTIES PLC - Ordinary..
AQ
07/28FORM 8.3 - THE VANGUARD GROUP, INC. : St. Modwen Properties plc
DJ
07/27ST MODWEN PROPERTIES : . Modwen appoints new Chief Financial Officer
PU
07/27ST MODWEN PROPERTIES : Names New CFO to Start August
MT
07/27St. Modwen Properties PLC Announces the Appointment of Rachel Kentleton as It..
CI
More news
Financials
Sales 2021 39,1 M 54,5 M 54,5 M
Net income 2021 71,7 M 99,9 M 99,9 M
Net Debt 2021 311 M 434 M 434 M
P/E ratio 2021 -
Yield 2021 1,51%
Capitalization 1 251 M 1 743 M 1 743 M
EV / Sales 2021 39,9x
EV / Sales 2022 33,3x
Nbr of Employees 600
Free-Float 80,0%
Chart ST. MODWEN PROPERTIES PLC
Duration : Period :
St. Modwen Properties PLC Technical Analysis Chart | SMP | GB0007291015 | MarketScreener
Technical analysis trends ST. MODWEN PROPERTIES PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 4
Last Close Price 559,00 GBX
Average target price 551,00 GBX
Spread / Average Target -1,43%
EPS Revisions
Managers and Directors
Sarwjit Sambhi Chief Executive Officer & Director
Danuta Gray Non-Executive Chairman
Ian Alan Bull Senior Independent Director
Jenefer Dawn Greenwood Independent Non-Executive Director
Jamie Hopkins Independent Non-Executive Director