Secret £500m bid launched for property firm
A property firm with widespread interests in Manchester has received a secret takeover bid of £500m, according to widespread reports.
Helical, which has offices in Manchester and London, has received the bid from an American private equity group.
The bid from the unnamed firm values the company at below the £567 million total worth of its assets.
If the sale went ahead it would offer a lucrative exit for Mike Slade, one of the most colourful characters in the property market.
The yacht loving businessman has a 10% stake... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...