INTU shares lost almost a third of their value yesterday after
It emerged on Monday that Link was in talks with Intu, which owns the
"Intu remains engaged with shareholders and potential new investors in relation to a proposed equity raise," it said in a statement.
A spokesperson for Link said: "Link remains interested in opportunities in the
City A.M. understands that Link still sees the
Intu's shares crashed following the update, and ended the day just over 30 per cent down at 12.12p, wiping £70m off Intu's market cap.
(c) 2020 City A.M., source