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