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Hammerson - commonsense on one bid, madness on another

By Chris Bailey | Wednesday 18 April 2018


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Well it has taken a few months but the sentiment I expressed back in December that Hammerson's (HMSO) proposed takeover of Intu (INTU) was 'shopping centre madness' has finally been agreed with - the former walking away from its bid. The reasons, however, are truly fascinating with the regulatory statement from Hammerson blaming that easy punchbag 'the equity market':

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