For Hammerson, the deal would increase its dominance of large United Kingdom retail centres, add complementary Spanish assets, plus enhance earnings and net asset value.
Hammerson, which also owns the Bullring in Birmingham, has reached a deal with the shopping centre group, which also owns the Trafford Centre in Manchester, which Intu have said will create £21 billion pan-European portfolio - meaning they will be the largest United Kingdom group of this type. He said the deal would strengthen its portfolio and opportunities for growth, including in Spain and Ireland, two of Europe's fastest growing economies.
The group overall will have six directors nominated by Hammerson and four directors nominated by Intu.
"Bringing together the high-quality portfolios of both companies establishes Hammerson as a larger, leading European retail REIT, enhances shareholder returns and supports opportunities for long-term growth".
"The proposed deal will net the group a stake in nearly 60% of all United Kingdom supermall space, making it a force in the retail landscape, well placed to benefit from retail spend shifting across locations". Intu also operates the Trafford Centre in Manchester while Hammerson owns Bicester Village and Brent Cross shopping centre.
Hammerson also faces the risk an worldwide third party could show interest in making a bid for Intu, the broker said.
John Strachan, chairman of Intu, said: "Intu offers high-quality retail and leisure destinations in the United Kingdom and Spain, which, when merged with Hammerson's own top-quality assets in the United Kingdom, in France and in Ireland, present a highly attractive proposition for retailers and shoppers in Europe's leading cities".
The broker thinks it is a "sensible combination" and estimated cost savings from the deal should add about 5% to pre-tax profits of the merged group.
"This marks an exciting milestone in the history of Hammerson".
They agreed on "the terms of a recommended all-share offer by Hammerson to acquire the entire issued and to-be-issued share capital of Intu", they said in a joint statement. Intu's deputy chairman John Whittaker will be given the same role in the enlarged company, while its chairman John Strachan will join the board as senior non-executive director.
The combined group will be led by Hammerson chief executive David Atkins and Timon Drakesmith, the firm's chief financial officer, and will be called Hammerson plc.
"Hammerson is one of our preferred United Kingdom retail real estate investment trusts, but this is primarily due to its European diversification, and we continue to remain cautious on the short-and medium-term outlook for the United Kingdom", said Elston.
During tearful statements in court, several members of Scott's family said they forgave the officer and were praying for him. Slager is then heard on a police radio reporting a description of Scott before yelling, "Taser, Taser, Taser!"
He has gone with an experimental side for the game and there are other Ireland-eligible players on the substitutes bench. With defenders in short supply, he may be asked to fulfil a similar role at the Tsirio Stadium on Thursday evening.
Un lieu emblématique de la capitale où Johnny avait organisé le plus grand concert gratuit de Paris en l'an 2000. La ville lumière va rendre hommage à la plus lumineuse des étoiles de la chanson française.
BidaskClub raised shares of Marathon Petroleum from a "sell" rating to a "hold" rating in a report on Saturday, August 26th. Atlantic Securities raised shares of Marathon Oil from a "neutral" rating to an "overweight" rating in a report on Tuesday.
Three firefighters who were injured and admitted to hospital are in stable condition, the Los Angeles Fire Department said. Los Angeles Mayor Eric Garcetti said the blazes had spread across 150 acres with zero containment by 10am (6pm GMT).
Currently, 175 million total shares are owned by the public and among those 173.51 million shares have been available to trade. The company reported $1.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.03 by $0.08.
By the directive of Colm McCarthy , the main actors are Douglas Hodge, Letitia Wright, Babs Olusanmokun and Aldis Hodge. It stars Georgina Campbell, Joe Cole and George Blagden, and is directed by Game of Thrones' Tim Van Patten.
But it said it did not go along with all of the findings and that the stress tests "do not fully reflect the whole picture". According to the IMF's health check of China's financial system, four-fifths of the country's banks are at risk.
Trump has not yet commented on Vonn's criticism, though he has actively rebuked other athletes since he became president. Vonn isn't the only Olympian who wouldn't visit the White House under President Trump. "No, I won't go".
Met Eireann forecaster John Eagleton said temperatures are set to plunge tonight. It adds that icy surfaces are also likely to be an additional hazard.
Who made the list?
An ankle injury slowed Love the last month of the season, but he still led the nation in rushes of at least 50 yards with 12. Along with the aforementioned McCaffrey and Gerhart, quarterback Andrew Luck finished second in 2011 and 2010.
Hall of Fame QB Warren Moon sued for sexual harassment
Moon was named the the 1989 NFL Walter Payton Man of the Year, an award given to players for excellence on and off of the field. In May 1995, a Vikings cheerleader sued Moon and accused him of sexual harassment, alleging that he offered her cash for sex.
Square Enix confirms new Tomb Raider in development
The Tweet that was sent from the official Tomb Raider account posted the following statement regarding a new Tomb Raider game. The recent series of Tomb Raider games have been some of my favorite games each year.
Mueller's Russian Federation probe has cost millions - DOJ
Mueller also reports in addition to his office, the Justice Department has spent $3.5 million to support the investigation. In a statement, the special counsel's office said it will release a similar expenditure report after March 31, 2018.
Brush fire in Bonsall; evacuations ordered
Cal Fire units are at scene of the Lilac Fire located at Old Hwy 395 cross of Dulin Rd in Bonsall. All lanes on southbound 15 south of SR-76 have re-opened, significant back up remains.
IIHS releases picks for safest cars of 2018
Over the last decade, vehicle safety has improved dramatically as automakers recognize that safety is a big selling point. Kia, Hyundai, and Subaru lead the pack for being the safest vehicles on the market.