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Charter Hall Retail REIT ( (AU:CQR) ) has issued an update.
Charter Hall Wholesale Management Limited, acting as trustee for the CH Investment Trust and the CH Investment Co Trust, has made an off-market takeover offer to acquire all the stapled securities in Hotel Property Investments (HPI). The bidder now controls 63.7% of HPI, enabling it to influence the company’s operations and board composition. HPI’s board has recommended that securityholders accept the all-cash offer, which is deemed final and cannot be increased. If securityholders decline, they may face reduced liquidity and potential compulsory acquisition.
More about Charter Hall Retail REIT
YTD Price Performance: 1.60%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €1.12B
Find detailed analytics on CQR stock on TipRanks’ Stock Analysis page.
