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GLP shares close at year's high on talk of potential suitors

Friday, January 13, 2017 - 05:50

Blackstone Group is said to be considering an offer for GLP, potentially pitting it against another US private equity firm Warburg Pincus and a separate Chinese group.


NEWS on Thursday naming several possible bidders for Global Logistic Properties (GLP) has sent the warehouse operator's share price up 4 per cent to finish at S$2.61, a one-year high.

Analysts note that competition for the company has turned its pricing "a little

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