Canaccord Genuity advises BPP Holdings on the rejection of two indicative offers from Carter and Carter Group plc
On 1 March 2007, Carter & Carter Group plc ("Carter & Carter") announced that it had made an unsolicited preliminary offer for our client BPP Holdings plc ("BPP") that valued the equity of BPP at approximately £345m.
We advised the Board of BPP that this proposal undervalues the Company and its prospects, together with a subsequent revised proposal from the same bidder that valued BPP at approximately £371m.
On 27 March 2007, Carter & Carter announced it has withdrawn its indicative offer to acquire BPP.
Canaccord Genuity was joint financial adviser to BPP Holdings.
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