Charter Hall Retail REIT (AU:CQR) has released an update.
Charter Hall Wholesale Management Limited has lodged a second replacement bidder’s statement to acquire all stapled securities in Hotel Property Investments at $3.65 per security. The offer is part of an off-market takeover bid, with the comprehensive statement provided to the Australian Securities and Investments Commission and HPI stakeholders. Investors are urged to consider the cash offer and seek professional advice if needed.
For further insights into AU:CQR stock, check out TipRanks’ Stock Analysis page.
