Hotel Property looks to reject final takeover offer from Charter Hall consortium

Charter Hall Retail REIT

21/10/2024 22:37

Oct 22 (Reuters) - Australia's Hotel Property
Investments  HPI.AX  said on Tuesday it has recommended
shareholders to reject the final takeover bid from a consortium
led by Charter Hall Retail REIT  CQR.AX , which valued the pub
owner at A$755.8 million ($502.98 million).  

($1 = 1.5026 Australian dollars)

 (Reporting by Sneha Kumar; Editing by Alan Barona)
 ((Sneha.Kumar@thomsonreuters.com))