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.
June 23 (Reuters) - Australia's Cromwell Property Group (CMW)...
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Last
44.0¢ |
Change
-0.010(2.22%) |
Mkt cap ! $1.158B | |||
| Open | High | Low | Value | Volume |
| 44.5¢ | 45.0¢ | 43.0¢ | $716.5K | 1.630M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 89028 | 44.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.5¢ | 455026 | 19 |
View Market Depth
| Last trade - 14.20pm 12/08/2025 (20 minute delay) ? |
| CMW (ASX) Chart |