Iris Capital Boosts Offer for Reef Casino Trust
Reef Casino Trust (RCT), the operator of the Reef Hotel Casino in Cairns, Australia, has confirmed a higher takeover proposal from Iris Cairns Property, part of the Iris Capital group. The revised bid now values the trust at AU$185.3 million (US$119.1 million), with unit holders offered AU$3.72 (US$2.39) per unit in cash. This marks an increase from Iris’s earlier AU$3.55 […]
Reef Casino Trust (RCT), the operator of the Reef Hotel Casino in Cairns, Australia, has confirmed a higher takeover proposal from Iris Cairns Property, part of the Iris Capital group. The revised bid now values the trust at AU$185.3 million (US$119.1 million), with unit holders offered AU$3.72 (US$2.39) per unit in cash. This marks an increase from Iris’s earlier AU$3.55 […]
