Charter Hall Office Real Estate Investment Trust (ASX:CQO) has had an acquisition proposal from a bid consortium led by Macquarie Capital Alliance Group Limited.
The consortium is considering an offer of $2.39 per trust unit, which would give unit holders a total of $3.52 after adding the expected capital return from the recently announced sale of Charter Hall Office's US portfolio.
Charter Hall says its independent directors haven’t formed a view yet as to the merits of the proposal, and want to have discussions with Macquarie before making any more announcements.
Charter Hall Office Real Estate Investment Trust (ASX:CQO) reported a net profit of $69.2 million for the six months to June 30.
CQO Price at posting:
$3.33 Sentiment: None Disclosure: Held
