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| BAM and MSREF intend to acquire AM Dutch builder BAM intends to make a public offer for the entire issued ordinary share capital of AM at an offer price of EUR 10.15 per share. MSREF will acquire AM Development B.V., the commercial property division, at the moment the intended public offer is declared unconditional, through a new entity to be incorporated for that purpose. AM’s Supervisory Board and Management Board unanimously support the offer and the sale of AM Development as part of the offer, not least because the proposed acquisition strengthens the basis for achieving the growth strategy of AM’s individual business units. BAM, MSREF and AM have already reached agreement on the sale of the entire issued share capital of AM Development to MSREF for an amount of EUR 479 million immediately upon the intended offer being declared unconditional by BAM. write your comments about the article :: © 2005 Construction News :: home page |