June 23 (Reuters) - Australia's Cromwell Property Group (CMW) said on Tuesday it received a takeover bid from fund manager ARA Asset Management to acquire 29% of Cromwell's stapled securities.
The takeover bid, via ARA's unit ARA Real Estate Investors 28, is to buy 29 out of every 100 Cromwell stapled security not already owned by ARA at A$0.90 per security. The acquisition takes the stake owned by ARA to 52.6%.
Cromwell notes the "unsolicited" and "opportunistic" offer, and advises its shareholders to not take any action, it said in a statement.
News: CMW Australia's Cromwell Property gets takeover bid from ARA Asset Management
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Last
47.5¢ |
Change
0.005(1.06%) |
Mkt cap ! $1.243B | |||
| Open | High | Low | Value | Volume |
| 46.5¢ | 47.5¢ | 46.0¢ | $1.175M | 2.502M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4500 | 46.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.5¢ | 281732 | 3 |
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| Last trade - 16.10pm 09/09/2025 (20 minute delay) ? |
| CMW (ASX) Chart |