Competing Radius takeover battle heats up
One of the takeover bidders for retirement care property owner, Radius Properties, has written to shareholders extolling the benefits of its bid.
The company is the subject of bids from Montagu Investment Holdings and rival Radius Residential Care.
Radius Properties and Radius Residential Care were once part of the same company before the land ownership and operating arm were separated. Radius Residential Care remains the tenant of five properties and has an interest in two other proportionate title property schemes.