Minerva bid boost

MNR

Published date:
Thursday, February 28, 2008

Bid speculation surrounding property developer Minerva (MNR) was stoked up again last week when reports revealed New York-based real estate firm LeFrak has built a 2-3% stake in the company. Market sources have identified several potential suitors for Minerva, including LeFrak, which reportedly has held its stake since at least January. Even though a deal has not been confirmed, shares in Minerva rose 4% to 131.3p.

Shares says: Await developments. RR

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