Scor Adjusts Offer Price For Retail Real Estate Company MRM

Dow Jones11-07

By Dominic Chopping

Scor has slightly increased the price it is offering shareholders of retail real estate company MRM.

The French reinsurer last month said it was buying a 15.92% stake in MRM from Altarea, taking its shareholding to 72.48%, in a deal it said would value the business at 113.7 million euros ($122 million).

It planned to launch a tender offer to buy the rest of MRM for around 35.4 euros a share but said Thursday it has decided to round up the price to 35.5 euros a share.

Scor has been a majority shareholder of MRM since 2013. Altarea has been MRM's second largest shareholder since 2022.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

November 07, 2024 01:38 ET (06:38 GMT)

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