Home REIT granted sale delay amid 'ongoing discussions' with Bluestar

New 13 April deadline

Valeria Martinez
clock • 1 min read

Home REIT has been granted an extension in which Bluestar Group, the firm that made an unsolicited takeover approach for the company in February, can either firm up its bid or walk away.

On the day an announcement by the bidder was due (16 March), Home REIT said in a London Stock Exchange Notice that it was still in discussions with Bluestar.  Home REIT weighs investment policy change as it opens process for new manager The deadline for Bluestar to firm up its bid has been extended to 13 April, but it will not be required to make an announcement if it receives an offer from another company. The former FTSE 250 trust also said the revised deadline may be extended further. "Shareholders should note that there can be no certainty that an offer will ultimately be made ...

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