Home REIT has been granted an extension in which Bluestar Group, the firm that made an unsolicited takeover approach for the company in February, can either firm up its bid or walk away.
On the day an announcement by the bidder was due (16 March), Home REIT said in a London Stock Exchange Notice that it was still in discussions with Bluestar. Home REIT weighs investment policy change as it opens process for new manager The deadline for Bluestar to firm up its bid has been extended to 13 April, but it will not be required to make an announcement if it receives an offer from another company. The former FTSE 250 trust also said the revised deadline may be extended further. "Shareholders should note that there can be no certainty that an offer will ultimately be made ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
