Dutch property-investment company, VastNed Offices/Industrial (VNOI), has restarted merger negotiations with Nieuwe Steen Investments (NSI), Reuters reports. NSI had previously, in February 2011, offered 0.85 NSI shares for each VNOI share, but the talks failed due to disagreement over price. The offer is estimated to be worth about €245.7 million plus the cash for the 18.93 million VNOI shares outstanding at the end of December 2010. A merger of the two companies would result in a group with a combined €2.3 billion of property assets.

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