Vitalharvest (ASX:VTH) shares propelled by bidding war

Company News

by Michael Luu

Investment firm Roc Partners has stepped upped its bidding game for agricultural real estate manager Vitalharvest (ASX:VTH).

The offer of $1.16 for every Vitalharvest share came in the midst of a bidding contest with Macquarie Infrastructure and Real Assets. This has placed Roc in pole position in the race to acquire assets of Vitalharvest (ASX:VTH), as it is 4 cents ahead of Macquarie’s offer. The $220 million-rated owner of orchards has given Macquarie till next Thursday to challenge their rival’s bid. 

Shares in Vitalharvest Freehold Trust (ASX:VTH) are trading 3.95 per cent higher at $1.18