Urban Logistics REIT confirms takeover approach from LondonMetric
By Michele Maatouk
Date: Friday 11 Apr 2025
(Sharecast News) - Urban Logistics REIT confirmed on Friday that it has received a preliminary, indicative takeover proposal from LondonMetric.
"The board is currently reviewing the proposal with its advisers," it said in a brief statement, adding that there can be no certainty that any offer will be made nor as to the terms of any such offer.
Urban Logistics said a further announcement will be made as appropriate.
Under UK takeover rules, LondonMetric has until 9 May to either announce a firm intention to make an offer or walk away.
At 1255 BST, Urban Logistics shares were up 3.2% at 127.40p, while LondonMetric was 0.6% higher at 180.10p.
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