Mirvac's low ball opportunistic bid is appalling for MRZ holders.
Even the independant consultant called it not fair.
Its the easy road for limp independant directors.
MRZ holders have held through a tough past 18 months to have a 24 % holder fleece the smaller investors.
This is a highly accretive deal to MGR.
The core portfolio of MRZ has a better lease profile and exposure to Government tenants and a longer WALE than the MGR core investment portfolio.
Even a capital raising would be a better option for MRZ holders than this.
takeover time?, page-3
Currently unlisted. Proposed listing date: 15 MAY 2019#