Hotel Property Investments Ltd. (AU:HPI) has released an update.
Don’t Miss our Black Friday Offers:
Charter Hall Wholesale Management is increasing its stake in Hotel Property Investments (ASX:HPI) through an off-market takeover offer, with plans to declare the bid unconditional upon reaching 35% acceptance by December 9, 2024. The offer includes an all-cash consideration of $3.85 per HPI security, providing an attractive premium to shareholders. If successful, payment terms will be accelerated to ensure quicker compensation for accepting securityholders.
For further insights into AU:HPI stock, check out TipRanks’ Stock Analysis page.
Trending Articles
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
