The Corio Buyout By Klepierre Seems To Be A Win-Win Situation For All Parties Involved
- Klepierre made an all-stock offer to acquire competitor Corio.
- The combination of companies makes sense, given the potential synergies and additional diversification.
- However, Corio shareholders should take a riskier balance sheet and potential tax issues into account.
- As it's an all-share offer, arbitrage will be possible and at this moment Corio is trading at a 1.2% discount to the Klepierre offer.