tiprankstipranks
Fat Prophets Receives Unsolicited Merger Proposal
Company Announcements

Fat Prophets Receives Unsolicited Merger Proposal

Fat Prophets Global Property Fund (AU:FPP) has released an update.

Pick the best stocks and maximize your portfolio:

Fat Prophets Global Property Fund has received an unsolicited and non-binding merger proposal from Lanyon Asset Management, a major unitholder. The investment manager of FPP deems the offer as unfair and unreasonable for its unitholders due to a lack of value and misaligned investment strategies. The proposal follows previous attempts by Lanyon to influence FPP’s management decisions, which were not accepted by investors.

For further insights into AU:FPP stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App