Leading UK construction company John Laing has announced it has withdrawn support for a takeover bid by Henderson Global Investor in favour of a £957.5 mln (EUR 1.43 bn) cash offer by a subsidiary of German insurer Allianz. Henderson's bid in September valued John Laing at £887 mln (EUR 1.3 bn).
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
