Charter Hall Raises Takeover Bid for Hotel Property Investments

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

Charter Hall Wholesale Management Limited has increased its takeover offer for Hotel Property Investments, raising the bid to an all-cash offer of $3.85 per security, a significant premium over historical prices. This offer is their best and final, urging HPI securityholders to accept before the offer period ends to avoid potential market price drops. With limited conditions and full funding, Charter Hall aims to secure over 50.1% acceptance from HPI securityholders.

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