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AREA and Delancey’s Minerva takeover in the final stretch

AREA Property Partners and Delancey’s are in the final stretch of their near two-month public takeover of London developer Minerva, with less than 2% of shares to buy before the joint venture partners can squeeze out existing shareholders.
By James Wallace
August 17, 2011 | 8:14 P.M.

Jupiter Properties, the special purpose vehicle set up to buy shares in Minerva, now has more than 145m Minerva shares, reflecting 88.2% - needing to reach 90% before it can make the final push.

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