Charter Hall Retail REIT (AU:CQR) has released an update.
The Board of HPI has firmly advised its securityholders to reject the buyout offer from Charter Hall Retail REIT and Hostplus, which proposes to purchase HPI securities at $3.65 each, a price deemed to undervalue the company significantly. HPI prides itself on owning a distinctive portfolio of high-quality pub assets, maintaining low management costs, and possessing a strong balance sheet conducive to consistent growth. The board emphasizes the offer provides minimal premium over recent trading prices and does not reflect the true value of HPI’s long-term leases and potential for future growth.
For further insights into AU:CQR stock, check out TipRanks’ Stock Analysis page.
