Australia's Goodman Group , which has launched a bid for ProLogis European Properties (PEPR) , sees its offer price of 6 euros per share is fair value, the company's chief executive said on Wednesday. Goodman and APG Algemene Pensioen Groep NV made an unsolicited cash offer but ProLogis , a U.S.-based owner of warehouses and distribution facilities, rejected the bid. Greg Goodman, group Chief Executive Officer, told Reuters on that the offer price was 20 percent premium to where the stock had been trading in the last 2 to 3 years. "We believe that investors would enjoy getting a cash offer and have the ability to accept cash and move on," Goodman said. "We believe 6 euro per share would be a very very fair price."
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