🟢 Emaar Development is trading 5% up on November 5 after Emaar Properties' AED 15 cash offer

Emaar Development is trading at AED 14.58, up 4.89%, after Emaar Properties announced a voluntary cash offer of AED 15 per share for shares it does not already own.

• The offer remains subject to Emaar Properties board approval.
• Reuters reported the stock was up 5.3% at 14.64 dirhams by 0630 GMT on November 4, nearing the proposed offer price.
• No volume information was provided.