Klépierre walks away from £5bn offer for Hammerson

Rejection clears the way for Bullring owner to pursue £3.4bn tie-up with Intu The French shopping centre company Klépierre said it does not intend to make a formal offer for Hammerson, paving the way for the Bullring owner to seal a tie-up with Intu.Klépierre said on Friday that its chairman, Jean-Marc Jestin, met his Hammerson counterpart, David Tyler, at the beginning of the week to table a £5.04bn proposal worth 635p per share. Continue reading...