Home REIT further extends sale deadline

11 May 2023

James Baxter-Derrington
clock • 2 min read

Home REIT has again extended the deadline by which Bluestar Group must make a firm intention to offer or withdraw from the sale process.

The extension pushes the deadline to 5pm on 11 May 2023, as six candidates bid to become the embattled trust's investment adviser. Atrato Group lines up Home REIT bid as social housing chief departs Bluestar Group's "likely cash offer" may be extended again if the firm's wish and the Takeover Panel consents. Home REIT reasserted: "Shareholders should note that there can be no certainty that an offer will ultimately be made for the company, nor as to the terms on which any firm offer might be made." The move comes as RM Funds and Atrato Group emerge as two of six potential candid...

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