Hotel Property Investments directors urges shareholders to accept Charter Hall's buyout offer
19/12/2024 22:48
Dec 20 (Reuters) - Australia's Hotel Property Investments HPI.AX said on Friday, after reassessing the takeover bid, it has recommended shareholders to accept the offer from a consortium led by Charter Hall Retail REIT CQR.AX , which valued the pub owner at A$755.8 million ($471.47 million). ($1 = 1.6031 Australian dollars) (Reporting by Roshan Thomas in Bengaluru; Editing by Alan Barona) ((Roshan.Thomas@thomsonreuters.com))
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