potential takeover, page-8

tanny the AFR article didn't mention any take over price, Business Spectator has the summary below

Australian Public Trustees (APT) has made an offer to struggling property trust, Record Realty. APT wants to buy the 15 per cent stake held by Allco Finance Group, and for Allco to resign from the management of the trust. APT would put some of Record Realty's $A1.9 billion portfolio in its own Government Property Trust and sell other assets to reduce debt