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.
Ex-officer Slager gets 20 years for Walter Scott shooting
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!"
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.
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.
Australians had overwhelmingly endorsed legalizing same-sex marriage in a postal survey run by the national statistics agency. Almost eight out of 10 eligible voters participated in the survey, according to the government.
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).
A week after getting the boot by NBC , disgraced " Today " anchorman Matt Lauer is still reeling, according to a report. Another source told the paper that he will remain out of the spotlight-after having a 20-year-long career at " Today ".
The crux of Tarantino's argument was that the best Star Trek episode scripts could easily be expanded into a 90-minute movie. Deadline reports that Tarantino's Star Trek film will be the first R-rated movie in Trek history.
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.
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.
"Je pense qu'on a fait un bon match, on a manqué un peu de justesse dans le dernier geste". Marseille a son destin en mains, pour se qualifier en 16e de finale.
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.
FCG Advisors LLC Invests $259000 in Merck & Co., Inc. (MRK)
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.
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.
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.