Australia's Vitalharvest Freehold Trust hits record high on buyout offer from Roc Private Equity

VTech Holdings

26/02/2021 01:07

** Vitalharvest Freehold Trust  VTH.AX  rises as much as
7.5% to a record A$1.08, set for best day since Nov. 10, 2020
    ** Real estate investment trust says received non-binding
proposal from Roc Private Equity Pty Ltd  urn:newsml:reuters.com:*:nASX1jKmwH
    ** Roc proposes to acquire 100% of the issued units in VTH
for A$1.08 each in cash
    ** VTH has been a buyout target with Macquarie
Infrastructure and Real Assets also in the race  urn:newsml:reuters.com:*:nASX3FPwSX
    ** Close to 2.8 mln VTH shares change hands, compared with
the 30-day average volume of about 908,000 shares
    ** Stock had risen 2.6% this year, as of last close

 (Reporting by Nikhil Subba in Bengaluru)
 ((Nikhil.Subba.thomsonreuters.com@reuters.net))