Wembley Park taken over by Texan investor

The acquisition of Quintain, the developer behind Wembley Park’s regeneration was looking uncertain when New York based Elliott Management Corporation got in on the action.

Elliot was unhappy with Lone Star’s £700m bid, feeling that the offer “undervalues” Quintain Ltd.

Lone Star have been forced by Elliot to up its stakes and “will splurge £745m to take control of the London-focused developer”.

So it’s a guaranteed Quintain takeover as Lone Star closes in on Wembley Arena owner Quintain takeover after winning huge shareholder backing

+ What wembley could look like in 2 years.

David Goodwin has been blogging since 2010 and is the author of Blog on the Block where he covers civic & social topics. Goodwin hosts the podcast, Pod on the Block. He is the founder and company director of user experience consultancy Uxfam Ltd.

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