Sept 13 (Reuters) - Real estate investment trust Propertylink Group (PLG) said on Thursday it had made a takeover offer for Centuria Industrial REIT (CIP) , valuing the company at about A$755 million ($541.3 million).
Propertylink said it was offering about 2.5 of its securities and A$0.33 in cash for each unit of Centuria, valuing the units at about A$3.04 each. The figure represents a premium of about 10 percent to Centuria's last close.
Propertylink said the transaction, if accepted, was expected to be accretive to its earnings and distribution per security for fiscal 2019.
($1 = 1.3947 Australian dollars)
News: CIP Australia's Propertylink makes $541 mln offer for Centuria Industrial REIT
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Last
$3.10 |
Change
0.010(0.32%) |
Mkt cap ! $1.974B | |||
| Open | High | Low | Value | Volume |
| $3.09 | $3.12 | $3.07 | $2.130M | 686.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 34268 | $3.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.11 | 12000 | 1 |
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| Last trade - 16.10pm 29/07/2025 (20 minute delay) ? |
| CIP (ASX) Chart |