Hotel Property (HPI AU) Rejects Charter Hall's A$3.65/Share Offer

Sep 09, 2024

∙ Paid

Pub play Hotel Property Investments (HPI AU) has announced - and summarily rejected - a A$3.65/share cash Offer from Charter Hall Retail Reit (CQR AU).
Terms are a 14.8% premium to the undisturbed share price on March 28; following which a 14.8% "strategic interest" (@ A$3.35/share) was acquired by CQR and Charter Hall (CHC AU).
The Offer is subject to a 50.1% acceptance hurdle. The Offer should be open for acceptances around the 23 September.

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