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Reef Casino ( (AU:RCT) ) has issued an announcement.
Reef Casino Trust has announced amendments to its Takeover Bid Implementation Agreement with Iris Cairns Property Pty Ltd, resulting in an increased offer price of $3.87 per unit, valuing the total equity at approximately A$192.7 million. The offer, which has the unanimous support of RCSL’s Board and major unitholders Accor and Casinos Austria International, represents a significant premium over previous trading prices and is subject to regulatory approvals and an 80% minimum acceptance condition.
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
Reef Casino Trust (RCT) operates in the casino and entertainment industry, focusing on providing gaming and hospitality services. The company is listed on the Australian Securities Exchange (ASX) and is managed by Reef Corporate Services Limited (RCSL).
Average Trading Volume: 9,123
Technical Sentiment Signal: Buy
Current Market Cap: A$185.3M
See more data about RCT stock on TipRanks’ Stock Analysis page.