DUBAI-based Emaar Properties is buying all the shares in sporting products retailer RSH Corporation that it does not already own, in a deal that values RSH at $271.5 million. In a stock exchange filing, RSH, which runs the Royal Sporting House chain, said Emaar has taken over a debt of US$160 million that comes with 216.17 million charged shares in RSH, or 61.3 per cent of the company. RSH's majority...
Emaar Properties
EMAAR Properties, the No. 1 developer in the Middle East, has made an unconditional cash offer for Asian retailer RSH, which has the rights to various brands including Zara, Massimo Dutti and Mango. Through its subsidiary Emirates Property Holdings, it is offering to acquire the remaining shares it does not already control at 77 cents apiece, valuing the Singapore- listed retailer at about $272...
Global real estate giant Emaar Properties is making a mandatory unconditional cash offer for all the shares in Singapore-listed RSH. Dubai-based Emaar has offered S$0.77 for each of the remaining shares of RSH that it does not own. The offer was triggered after Emaar acquired debt from Golden Ace – a joint venture between Emaar and India's MGF Group. Golden Ace, which is 30 per cent-owned by Emaar,...