Irongate Group

Irongate (IAP AU) Rejects Third Proposal From 360 Capital

Event-Driven
255 Views, 14 Jan 2022 09:55
EXECUTIVE SUMMARY
  • Property group Irongate Irongate Group (IAP AU) has rejected the third unsolicited offer from 360 Capital (TGP AU) in as many months. 
  • Under the latest proposal, 360 Capital was offering $1.72 /security, a 7.2% increase over the initial approach. 
  • Trading slightly below the rejected terms. Expect 360 Capital to return to the trough. 
detail (4-minute read)
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David Blennerhassett
Pan-Asia Catalysts/Events
Quiddity Advisors
EquitiesEvent-Driven

HK Type 4 license through Ballingal Investment Advisors Ltd. I'm a highly experienced sell-side analyst with in excess... 

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