It's all out in the open now: Capital & Counties Properties and Shaftesbury have both confirmed they are in £3.5 billion merger talks. Below is the link:
I see the old Mark "the Kleinmanator" Kleinman of Sky News has popped up with his own version of the Capital & Counties Properties tale.
According to Kleiny, Capital & Counties Properties is in talks with larger rival West End landlord Shaftesbury about a £3.5 billion all-share merger!
Mark's full story is yet to be published but I will obviously add the link when he does put it up.
UPDATE: ..
Betaville was slightly perplexed by the fact that only the Mail on Sunday reported the news today about Capital & Counties acquisition of a 26.3pc shareholding in Shaftesbury from Samuel Tak Lee...
David Hatcher over at React News is on fire, revealing just now that Capital & Counties is in talks to buy Sammy Tak Lee's stake in Shaftesbury in a move that would pave the way for a £3.1 billion combination of the two retail property giants.
Below is the link to David's scoop:
https://reactnews.com/article/capco-in-talks-to-buy-sammy-lees-shaftesbury-stake/..
Hat tip to David Hatcher over at property website React News.
The intrepid hack has just landed a rather good scoop about how Samuel Tak Lee, the Hong Kong-based tycoon who has been stalking Shaftesbury for several years, is looking to offload his 26.5pc shareholding in the property business.
Below is a link to Hacther's scoop:..