FirstService makes takeover approach to Colliers International
Colliers International today announced to the London Stock Exchange that its major shareholder FirstService Corporation had made an approach that may, or may not, lead to an offer being made for the company.
“There can be no certainty that these discussions will result in an offer for the ordinary shares in the company. Furthermore, the approach represents a discount to the current share price as at the date of this announcement,” Colliers International noted.
FirstService must state by 21 February under takeover regulations whether it intends to make a firm offer or to walk away.
