Argan agrees to merge with WDP in share-swap deal valuing Argan at EUR 79.22 a share

Reuters2026/07/23 18:15

By:Reuters

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Argan agreed to merge with logistics property group WDP in a friendly all-share deal valuing Argan at EUR 79.22 a share.
Argan shareholders would receive 3 newly issued WDP shares per Argan share.
Argan plans an exceptional EUR 11 per-share distribution before completion, implying a total premium of about 21% to the prior close.
The combined group would have more than EUR 13 billion of gross asset value across eight countries, with over EUR 700 million of annualized rental income.
Completion is targeted for Q1 2027, following shareholder votes expected in November 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Argan SA published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607231415OMX_____CNEWS_FR_GNW1001214190_fr) on July 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Argan agrees to merge with WDP in share-swap deal valuing Argan at EUR 79.22 a share

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