Charter Hall Retail REIT (AU:CQR) has released an update.
Charter Hall Wholesale Management Limited, acting as trustee for the CH Investment Trusts, has opened an off-market takeover bid to acquire all the stapled securities in Hotel Property Investments (HPI) that it does not already own. The offer, set at $3.65 cash per HPI stapled security, began on September 25, 2024, and is scheduled to close on November 4, 2024, subject to the terms of the Corporations Act. HPI securityholders have been notified and the dispatch of the bidder’s statement to them has commenced.
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