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Reef Casino ( (AU:RCT) ) has provided an announcement.
Iris Cairns Property Pty Ltd, acting as trustee for the Iris Cairns Property Trust, has made an off-market takeover bid for all units of Reef Casino Trust at a price of $3.87 per unit. The first supplementary bidder’s statement has been lodged with the Australian Securities and Investments Commission and sent to Reef Casino Trust, indicating a formal step in the acquisition process, which could impact the company’s ownership and market position.
The most recent analyst rating on (AU:RCT) stock is a Hold with a A$4.00 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: 6,588
Technical Sentiment Signal: Buy
Current Market Cap: A$180.8M
See more data about RCT stock on TipRanks’ Stock Analysis page.