Extension granted for Unite and Empiric takeover discussions
Empiric Student Property and Unite Group have been granted an extension of the deadline for Unite Group to make a potential offer for the company.
Talks have continued for the past month, but Empiric said they had not reached a conclusion in time for the Takeover Panel’s initial deadline of 5pm yesterday (3 July 2025). The Panel has now agreed to a new deadline of 5pm on 31 July 2025.
The extension provides more time for Unite to complete its due diligence, however the due diligence conducted so far has reinforced the potential benefits of acquiring Empiric’s portfolio, including increased scale and growth opportunities and the potential to to appeal to a broader customer base …