Propertylink board accept ESR offer

Company News

by Rachael Jones

Propertylink’s (ASX:PLG) Board of Directors have accepted the ESR Offer in respect of Propertylink securities they hold or control.

ESR Property is aprivate equity real estate giant.

Collectively, the Directors of Propertylink hold or control approximately 2 per cent of Propertylink’s securities on issue.

Propertylink’s Directors unanimously recommend that securityholders accept the $1.20 per security cash offer, in the absence of a superior proposal.

The ESR offer will remain open until 7:00pm (Sydney time) on 31 January 2019.

Shares in Propertylink’s (ASX:PLG) closed flat at $1.19 yesterday.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.