The future of the embattled Home REIT is now even more uncertain for investors, whose shares have been locked in for two and a half months amid a strategic review that has laid several possible outcomes on the table.
In an RNS notice yesterday (15 March), Home REIT announced it was considering a change to its investment policy to continue as a listed company, following confirmation it had opened a process to consider candidates to replace Alvarium as its investment adviser. Today (16 March), the former FTSE 250 trust confirmed the Takeovers and Mergers panel had extended the deadline by which Bluestar Group is required either to formalise its bid to take over Home REIT, or walk away. That announcement must now be made by no later than 5pm on 13 April. In a research note, Winterflood wrote that whi...
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