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An update from Reef Casino ( (AU:RCT) ) is now available.
Reef Casino Trust, a prominent entity in the casino and entertainment industry, is currently the subject of a takeover bid by Iris Cairns Property Pty Ltd. The bid involves an offer to acquire all units of the Reef Casino Trust for $3.87 cash per unit. The directors of Reef Corporate Services Limited, the responsible entity for the trust, have unanimously recommended the offer in the absence of a superior proposal and contingent on an independent expert’s reasonable opinion. This move could significantly impact the operations and market positioning of Reef Casino Trust, potentially altering stakeholder dynamics and future business strategies.
The most recent analyst rating on (AU:RCT) stock is a Buy with a A$3.50 price target. To see the full list of analyst forecasts on Reef Casino stock, see the AU:RCT Stock Forecast page.
More about Reef Casino
Average Trading Volume: 9,033
Technical Sentiment Signal: Buy
Current Market Cap: A$187.3M
Find detailed analytics on RCT stock on TipRanks’ Stock Analysis page.