GLP shares close at year's high on talk of potential suitors
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Singapore
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 exuberant". With 63.7 million shares traded, it was the second most active stock on the market, after commodities trader Noble Group.
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