IRES open to Barings all-cash takeover bid at €1.386 per share
Board says it would back a firm offer at the latest price if made. Barings has until Nov. 9 to bid or walk away, unless extended.
12 million). The board said it had received five proposals from Barings, the first on August 5, and had unanimously concluded it would back a firm offer at the latest price if one were made. 75% to the stock's close on Friday. Under Irish Takeover Rules, Barings has until November 9 to announce a firm intention to bid or walk away, unless the deadline is extended.
IRES, which provides private residential rental accommodation in and around Dublin, has seen strong demand for quality rental homes amid Ireland's housing shortage. com;)