Named and Shamed

Named and Shamed

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Squalid roads, buildings and locations in Croydon named and shamed.

Tuesday, November 17, 2009

Nathan Kirsh Bids For Minerva

Property Week reports that South African investor Nathan Kirsh has made a bid to takeover Minerva with a 50p per share cash offer valuing the company at £84.5m.

He made the bid last night through the vehicle Kifin, which makes investments for the benefit of Nathan Kirsh and his family.

Kifin said the offer is at a premium of 30.7% to Minerva's closing price yesterday of 38.25p and a 52% premium to the average closing price of 32.9p per Minerva share for the three months up to yesterday.

Minerva are involved in the ill fated Park Place scheme.