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Emaar Properties offers Dh15-per-share cash in Emaar Development buyout

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Gulf News
“Emaar Properties offers Dh15-per-share cash in Emaar Development buyout”

Dubai: Emaar Properties has announced plans to acquire the remaining shares in Emaar Development for Dh15 apiece in cash, confirming an earlier Bloomberg report that the Dubai-based property group was considering a multibillion-dollar buyout of its listed subsidiary. In a stock exchange disclosure on Wednesday, Emaar Properties said it intends to make a voluntary cash offer for up to 100% of Emaar Development's issued and paid-up share capital not already owned by the parent company and its…

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