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An update from Elanor Investors Group ( (AU:ENN) ) is now available.
The Takeovers Panel has decided not to conduct proceedings regarding an application by Elanor Funds Management Limited concerning the affairs of Elanor Commercial Property Fund, which is under an off-market takeover bid by LDR Assets Pty Ltd. The application highlighted deficiencies in the bidder’s statement by Lederer, but both parties have negotiated amendments to address these concerns, leading the Panel to conclude there was no basis for declaring unacceptable circumstances.
More about Elanor Investors Group
Elanor Investors Group operates in the commercial property sector, focusing on managing and investing in commercial real estate assets. The company is involved in overseeing property funds and providing investment opportunities in the real estate market.
Technical Sentiment Signal: Sell
Current Market Cap: A$121.7M
For a thorough assessment of ENN stock, go to TipRanks’ Stock Analysis page.