GTY gateway lifestyle group
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News: GTY Hometown sweetens takeover bid for Australia's Gateway Lifestyle

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    25/06/18
    08:40
    Post #: 33918381

    June 25 (Reuters) - Australia's Gateway Lifestyle Group (GTY) said on Monday it received a revised A$713.8 million ($531 million), or A$2.35 a share, takeover offer from Hometown Australia Holdings Pty Ltd and Hometown America Communities Limited Partnership.

    The new offer was 11.9 percent higher than Hometown's original A$2.10 per share offer, and trumped Canadian firm Brookfield Property Group's A$698.6 million bid last week. ($1 = 1.3443 Australian dollars)

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