Bluestar Group has withdrawn its bid for embattled social housing investment trust Home REIT.
The move comes following yesterday evening's criticism from the bidder, which lamented a lack of engagement from the Home REIT board since February 2023, when the company started "arranging financing and carrying out outside-in due diligence", it said in a regulatory filing. Home REIT declines further sale deadline extension to Bluestar Group In a regulatory statement issued four minutes from the PUSU deadline of 5pm today (11 May), Bluestar confirmed it "does not intend to make an offer under Rule 2.7 of the code". Bluestar said it was "highly disappointed" that the board of Home ...
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