Another bid for Intu is in the offing

Another bid for Intu is in the offing

Shares in Intu (INTU) jumped more than 30 per cent after a consortium of funds managed by Brookfield Property revealed that it is in the preliminary stages of considering a possible cash offer for the retail property landlord. Investors in the consortium, not including Brookfield, already own 29.9 per cent of Intu’s share capital.

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