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

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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