Internos’ offer for Invista REIM has now officially lapsed, after Internos failed to secure approval from Invista shareholders.
Internos made a £33.6m offer for Invista in May this year, which was trumped in June by a higher bid from Palmer Capital.
Investment manager Internos’ offer was conditional upon winning shareholder approval by 25 July.
Invista, which has £749m of assets under management, is in the final stages of a wind-down process begun in October 2010.
sophia.furber@estatesgazette.com
