BUZZ-Australia's Charter Hall Retail REIT drops; gathers over 56% stake in takeover target

Reuters
24 Dec 2024
BUZZ-Australia's Charter Hall Retail REIT drops; gathers over 56% stake in takeover target

** Charter Hall Retail REIT CQR.AX falls as much as 4% to A$3.12; lowest since July 1

** CQR now has 56.15% stake in its takeover target Hotel Property Investments HPI.AX, according to an exchange filing

** Pub landlord HPI asked shareholders on Friday to back its A$760 mln ($474.2 mln) buyout to prevent a hostile takeover by its top shareholder CQR

** HPI up 0.1% to A$3.785

** CQR down 10% this year vs HPI's 31.7% rise, as of last close

($1 = A$1.6026)

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10