Finance

Landsec buys U+I for £190m

By 2021-11-01T08:31:00

Mark Allan

Source: St Modwen

Land Securities has agreed to buy property regeneration company U+I Group in a £190m deal.

Under the terms of the deal, U+I shareholders will receive 149p in cash for each of their shares, which is a 72% premium to the closing price of 86p U+I share on Friday.

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