An infrastructure fund run by UK asset manager Henderson Group has sweetened its takeover bid for property developer John Laing to £1bn (€1.5bn) in an effort to regain the upper hand over a rival offer from German insurer Allianz.
The Henderson fund, which is being advised on its bid by Rothschild and JP Morgan Cazenove, today raised its offer price for John Laing shares by 14% to 405p from its original 355p offer in September.