Sept 13 (Reuters) - Real estate investment trust Propertylink Group (PLG) said on Thursday it had made a takeover offer for Centuria Industrial REIT (CIP) , valuing the company at about A$755 million ($541.3 million).
Propertylink said it was offering about 2.5 of its securities and A$0.33 in cash for each unit of Centuria, valuing the units at about A$3.04 each. The figure represents a premium of about 10 percent to Centuria's last close.
Propertylink said the transaction, if accepted, was expected to be accretive to its earnings and distribution per security for fiscal 2019.
($1 = 1.3947 Australian dollars)
News: CIP Australia's Propertylink makes $541 mln offer for Centuria Industrial REIT
Add CIP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.00 |
Change
0.020(0.67%) |
Mkt cap ! $2.127B | |||
| Open | High | Low | Value | Volume |
| $3.00 | $3.03 | $2.99 | $3.637M | 1.211M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 46 | 83776 | $2.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.00 | 42396 | 16 |
View Market Depth
| Last trade - 13.59pm 26/11/2024 (20 minute delay) ? |
| CIP (ASX) Chart |
