Vastned won't meet hostile bidder's due-diligence deadline

Vastned has admitted that it will not be able to meet the 26 November deadline set by hostile bidder IEF Capital for the provision of separate information about Vastned's performance. The Dutch listed retail property fund reiterated in a statement on Friday that it was opening its books to all potential bidders, including IEF Capital, and that the data room would be opened by 14 December.

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