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Charter Hall Retail REIT ( (AU:CQR) ) just unveiled an announcement.
Charter Hall Retail REIT, in collaboration with Hostplus, has made a takeover offer for Hotel Property Investments (HPI) at $3.752 per security. Despite the HPI Board’s view that the offer undervalues their portfolio, they recommend acceptance due to the bidders’ increased control, which poses risks for minority stakeholders. This has led to significant changes in HPI’s Board, with some directors stepping down and being replaced by nominees from the bidders.
More about Charter Hall Retail REIT
YTD Price Performance: 1.60%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €1.11B
See more data about CQR stock on TipRanks’ Stock Analysis page.
