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Reef Casino ( (AU:RCT) ) has shared an update.
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 $3.72 per unit, valuing the total equity at approximately $185.3 million. The offer, which has the unanimous support of the RCSL Board and major unitholders, represents a significant premium over previous trading prices and is subject to conditions including an 80% minimum acceptance and regulatory approvals.
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 within the casino and hospitality industry, focusing on managing and operating casino facilities. It is listed on the Australian Securities Exchange and is managed by Reef Corporate Services Limited.
Average Trading Volume: 7,271
Technical Sentiment Signal: Buy
Current Market Cap: A$176.8M
Find detailed analytics on RCT stock on TipRanks’ Stock Analysis page.