Reef Casino Trust Backs Higher Takeover Bid from Iris
Reef Casino Trust (RCT) has confirmed that it has accepted a revised takeover proposal from Iris Cairns Property Pty Ltd, with the updated offer valuing each unit of the trust at A$3.87, an increase from the original A$3.72 offer. The higher bid now values the total equity of the trust at approximately A$192.7 million. The agreement follows amendments to the Takeover Bid […]
Reef Casino Trust (RCT) has confirmed that it has accepted a revised takeover proposal from Iris Cairns Property Pty Ltd, with the updated offer valuing each unit of the trust at A$3.87, an increase from the original A$3.72 offer. The higher bid now values the total equity of the trust at approximately A$192.7 million. The agreement follows amendments to the Takeover Bid […]
