Saturday, September 27, 2008

Minerva Plc Bid Abandoned by Dubai Government

Minerva Plunges After Dubai Drops Bid for Developer (Update2)
Bloomberg
Sept. 26 (Bloomberg) -- Minerva Plc , the unprofitable developer of two of London's largest office projects, fell by a record after the Dubai government's property-investment unit withdrew a 258 million-pound ($474 million) offer.

Dubai Withdraws Bid for Minerva After Failing to Get Backers
Bloomberg
Sept. 26 (Bloomberg) -- The Dubai government's property- investment unit abandoned a bid of 258 million pounds ($456 million) for Minerva Plc after failing to get its backers to support the offer. Minerva shares fell as much as 33 percent.

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