DTZ shocks equity investors
DTZ’s shares plummeted 87% to 2.85p after it warned equity investors a takeover could leave them with nothing.
The property services group said the bids it had received so far suggested there was minimal value, if any, that may be attributed to its shares. DTZ refused to be drawn on who had made offers.
08/11/11 Financial Times 20, 34Times 35, 38, 47Daily Telegraph B1, B5Independent 54Guardian 30
DTZ’s shares plummeted 87% to 2.85p after it warned equity investors a takeover could leave them with nothing.
The property services group said the bids it had received so far suggested there was minimal value, if any, that may be attributed to its shares. DTZ refused to be drawn on who had made offers.
08/11/11 Financial Times 20, 34Times 35, 38, 47Daily Telegraph B1, B5Independent 54Guardian 30
