CHC charter hall group

Charter Hall and Abacus lose the battle for AOF

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    • Charter Hall and Abacus have lost their fight to take over Australian Unity Office Fund
    • The two companies teamed up to buy out their rival for $3.04 per share, but a major AOF shareholder fought back
    • Charter Hall and Abacus sold off their already-held 20 per cent stake in AOF to increase their chances of winning
    • Yesterday, however, AOF shareholders didn't approve the scheme, marking a bitter defeat for Charter Hall and Abacus
    • All three companies closed in the red, with AOF copping the biggest hit as shares lost 3.4 per cent to close at $2.84 each

    Click here for the entire article on The Market Herald
 
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