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Transactions - APRIL 23, 2018

Hedge fund buys stake in Hammerson

by Andrea Zander

Hedge fund firm Elliott Capital has bought a 1.5 percent stake in London-based owner, manager and retail property developer Hammerson, according to a filing.

Earlier this month, Hammerson revealed it was walking away from a proposed £3.4 billion ($4.7 billion) takeover of rival firm Intu. It also rejected a separate £5 billion ($7 billion) acquisition offer by French firm Kleppiere.

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