ESR looks to extend offer period for PropertyLink

Company News

by Rachael Jones

ESR Real Estate is looking to extend the offer period in respect of the takeover bid for fund manager Propertylink Group (ASX:PLG) so that offers made remain open for acceptance until 28 February 2019.

The local arm of the Asian logistics platform lobbed a cash offer of $1.15 per share for the company back in September.

That bid has now been adjusted to $1.164 per share, taking into account a 3.6¢ dividend to be paid on January 31.

Shares in Propertylink Group (ASX:PLG) closed flat at $1.16 yesterday.

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.