RDI Reit jumps almost a quarter on buyout offer
Starwood Capital has offered to pay a premium of about a third for the 70% of shares in the European landlord it does not already own
26 February 2021 - 10:12
The share of London and JSE-listed landlord RDI Reit was on track for its best day in more than eight months on Friday, after it said Starwood Capital had made a buyout offer for the roughly 70% of shares it does not already own.
The offer, a premium of 33.1% to RDI’s closing price on Thursday, values RDI at about £467.9m (R9.7bn)...
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