Infratil Ltd has conditionally sold its 50% interest in the Australian National University’s purpose-built student accommodation concession to 2 AMP Capital Ltd funds after failing to broaden the platform.
AMP Capital Investors NZ Ltd has waived its pre-emptive right to buy the units Australian takeover target Ronin Property Trust holds in the AMP NZ Office Trust. The pre-emptive rights are among numerous pre-emptive clauses in a deed settled when AMP Capital & Ronin became 50% shareholders in AMP Ronin Management Ltd in January. Multiplex […]
Multiplex Group’s takeover of Ronin Property Group is well on the way to completion. Multiplex reported today that it had acceptances for 74.36% of Ronin’s stock. It also said Standard & Poor’s intended to reclassify Multiplex securities for inclusion in the S&P/ASX 200 property index from tomorrow â€“ Wednesday 17 November.
Multiplex Ltd picked up nearly 12% of Ronin Property Group on Thursday, taking its stake in the AMP property trust to 47.02%. Multiplex started its bid by acquiring the 15.7% of Ronin still held by AMP Life Ltd and declared its offer unconditional a week ago. Paladin Australia co-founder Rod Leaver formed Ronin Property Group […]
Multiplex Group declared its takeover bid for Ronin Property Group unconditional on Thursday, when it had 17.46% of Ronin stock. Multiplex took possession of AMP Life Ltd’s 15.7% holding in Ronin before announcing details of its takeover proposal at the end of September. The consideration is 0.274 of a Multiplex security plus A8c cash for […]
A feature of Multiplex Group’s proposed takeover of Ronin Property Group (containing the former AMP Office Trust in Australia) is that it will take the combined portfolio of the 2 groups in New Zealand over the $A1 billion level. Multiplex Group took possession of AMP Life Ltd’s 15.7% holding in Ronin Property Group before announcing […]