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Sector not primary target of US reforms
Trading at 10.3% discount to NAV
Deal stuck until 2028
Managed wind-down among options
Up to 8.8 million of shares to be held in treasury
Merger details due in August
NAV total return was 15.3%
Progress since 2023 low point
114.2p for each Warehouse share
Board switches previous shareholder recommendation
04 July 2025
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4 min read
