Offer to unitholders 10 June
National Property Trust has set back by a week its indicative timetable for the takeover offer for Newmarket Property Trust.
Actual timing will depend on whether the Securities Commission grants National an exemption from issuing a prospectus.
Subject to that, National wants to deliver its notice of takeover intention to Newmarket next Monday, 27 May, send its offer to unitholders on Monday 10 June and close the offer on Friday 12 July.
National’s 6-for-10 bid prices Newmarket at 57c/unit.
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