Irongate (IAP AU) Rejects Third Proposal From 360 Capital
Event-Driven255 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.