Edinburgh-based Forth Ports last week rejected a £13.40 per share, or £612 million, offer from the Northstream consortium, comprising Peel, infrastructure fund manager Arcus and transport infrastructure investor RREEF.
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Forth strong as offer expected
Forth Ports, the Scottish ports-to-property takeover target, yesterday held its ground on the stock exchange after its meteoric, near-26% rise the day before on the back of City anticipation that rival Peel Group and its consortium partners will up its offer.
