IN BRIEF: Yew Grove notes Quanta Capital will not make an offer

Yew Grove REIT PLC - invests in Irish office and industrial properties outside Dublin's central ...

Alliance News 3 December, 2021 | 6:09PM
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Yew Grove REIT PLC - invests in Irish office and industrial properties outside Dublin's central business district - Quanta Capital Asset Management Ltd confirms that it will not make an offer for Yew Grove, after expressing interest in late November.

Earlier in November, Yew Grove accepted a EUR127.8 million cash takeover offer from Slate Office Ireland Investment Ltd, an indirect subsidiary of Slate Office REIT. Slate offered EUR1.017 per share, plus the 1.20 cents dividend declared by Yew Grove for the third quarter.

Current stock price: EUR0.98, down 3.0% on Friday

Year-to-date change: up 18%

By Dayo Laniyan; dayolaniyan@alliancenews.com

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Yew Grove REIT Ord 1.00 EUR 0.00 -

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