Business
Macquarie Group (ASX:MQG) triumphs in battle over Vitalharvest shares
Macquarie Group Ltd (ASX: MQG) seems to have won the battle with private equity firm Roc for control of Vitalharvest Freehold Trust (ASX: VTH) shares.
In a statement to the ASX this morning, the real estate investment trust (REIT) said it has accepted an offer from Macquarie Group subsidiary Macquarie Agricultural Funds Management (MAFM) to buy the trust at $1.26 per share. The price will not be discounted by the already paid dividend of 2.5 cents per share.
At the time of writing, Vitalharvest shares are down 0.39% to trade for $1.285 each – still 2.5 cents above the MAFM offer. The Macquarie Group share price is 0.25% lower to $160.09 each.
Let’s take a closer look at today’s developments.
Vitalharvest agrees to Macquarie…
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