Sept 21 (Reuters) - Real estate investment trust Propertylink Group (PLG) said on Friday the Australian arm of real estate developer ESR Group had made a A$693.2 million ($504.9 million) takeover offer for the company.
ESR offered A$1.15 in cash for each share in Propertylink, a 9.5 percent premium to the stock's last close, Propertylink said in a statement.
Propertylink added that ESR's offer was subject to Propertylink not proceeding with its takeover offer for peer Centuria Industrial REIT (CIP) .
($1 = 1.3731 Australian dollars)
News: CIP Australia's Propertylink gets $505 mln takeover offer from ESR Group
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Last
$3.47 |
Change
0.045(1.32%) |
Mkt cap ! $2.196B | |||
| Open | High | Low | Value | Volume |
| $3.44 | $3.49 | $3.43 | $3.723M | 1.074M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 28274 | $3.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.25 | 15434 | 2 |
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| Last trade - 15.59pm 12/09/2025 (20 minute delay) ? |
| CIP (ASX) Chart |