Australia's Vitalharvest Freehold hits record high on sweetened takeover bid

VTech Holdings

18/03/2021 04:10

** Units of real estate investment trust Vitalharvest
Freehold Trust  VTH.AX  rise 2.7% to a record high of A$1.125 
    ** Co says Roc Private Equity has raised its takeover offer
to A$1.12 in cash per unit from A$1.08/unit proposed in February
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    ** Says it'll consider the revised non-binding offer, adds
it would permit VTH to pay a distribution of 2.5 cents per unit
for the first half ended Dec. 31 
    ** Says if proposal becomes binding, it would substantially
be on the same terms of Macquarie Agricultural Funds
Management's revised proposal to buy VTH for A$1.08/unit
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    ** Unit marks biggest intraday percentage gain since Feb.
26; up 11.7% this year, as of last close

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))