Hotel Property Investments Rejects Charter Hall’s Takeover Bid

Charter Hall Retail REIT (AU:CQR) has released an update.

Hotel Property Investments Limited has issued a second supplementary target’s statement urging its securityholders to reject the unsolicited takeover bid from Charter Hall Retail REIT and Hostplus. The board of HPI unanimously recommends that shareholders take no action in response to the offer, labeling it as opportunistic and conditional. Investors are advised to seek professional advice if they have any questions about this development.

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