Free audio stream, including stories that are padlocked on our site. Listen on any device, anywhere. Updated twice daily. The audio stream takes several seconds to start on Android devices.Launch Radio player
Shareholders in retirement home investor Radius Properties are mulling over a takeover offer from two competing suitors.
An offer from Mantagu Investment Holdings at 42c a share falls short of the 58c to 62c share range recommended in a Grant Samuel evaluation report.
The rival offer from a new company called Radius Residential Care is equivalent to 59c a share.
But there are complications with each offer. The Montagu offer is for the shares while the Radius Residential Care offer is for the assets.
More details will be published in the print edition of the National Business Review on Friday.
This article is tagged with the following keywords. Find out more about MyNBR Tags
- 'We've never seen a competitor in any category behave in this manner' — MYOB on Xero man's outburst
- Not quite right
- OIO judges Dotcom ‘good character’ – despite hacking, insider trading, reckless driving
- Key, Aussies at odds with Abbott over time-limit on Iraq mission
- Does a conference centre need a casino?