Since making the offer for ProLogis European, or PEPR, on April 22, the company has received for tender or purchased in the open market 8,818 ordinary units in the Luxembourg-based company, ProLogis said today in a statement. That would bring its total holdings in the fund to 39 percent, ProLogis said, compared with 38.9 percent when the bid was made.
WHAT TO WATCH: *AMG (AMG NA) obtains $300m of 5-yr loans. *Ballast Nedam (BALNE) repeats 2011 profit forecast. *HES Beheer (HES NA) 1Q profit EU4.7m. *LBi International (LBI NA) has 1Q net of EU4.6m. *Randstad (RAND NA) price est. cut to EU43 from EU44 at ING. *SBM Offshore (SBMO NA) wins orders with total value of $250m. *Spyker Cars (SPYKR NA) has 1Q loss of EU79.4m. *Wessanen (WES NA) raised to “hold” from “reduce” at SNS.
CONFERENCE/CORPORATE EVENTS: *AGM: TOM2 NA.
MARKETS: *The Amsterdam Exchanges Index dropped 0.1 percent to 359.49. *The Stoxx Europe 600 Index gained 0.3 percent to 283.04. *The Euro was at $1.4835 at 8:25 a.m. Amsterdam time. *The Dutch 10-year bond yield was 3.516 percent at 8:25 a.m.
To contact the reporter on this story: Maud van Gaal in Amsterdam at firstname.lastname@example.org
To contact the editor responsible for this story: Frank Connelly at email@example.com