Suburban housing investment trust PRS REIT confirmed it was still in talks on a potential sale worth £631m with real estate management firm Long Harbour.
Source: Sharecast
PRS put itself up for sale last year and received “several” non-binding proposals, with none beating Long Harbour’s 115p-a-share proposal.
“There can be no certainty that an offer will be made, nor as to the terms of any offer if made. All other non-binding proposals have now been withdrawn,” PRS said on Monday.
Reporting by Frank Prenesti for Sharecast.com
If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.
Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.