The board of PRS REIT will continue to push for a formal sale of the trust, as it remains engaged with several interested parties including Long Harbour.
This comes after Long Harbour put forward a non-binding proposal for the acquisition of the trust on 11 June, under which shareholders would be entitled to receive 115p per PRS REIT share in cash. In a stock exchange notice today (21 July), the board said the proposal remains subject to completion of due diligence and financing and added that "while the formal sale process is ongoing, there can be no certainty that an offer will be made, nor as to the terms of any offer if made". Murray Income trust launches 'surprise' strategic review amid lagging performance "The company will al...
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