NewRiver REIT’s deadline to make a bid for Capital & Regional has been extended for a fifth time.
NewRiver was required to make an offer by 5pm today, but the deadline has been pushed back repeatedly at the agreement of the Takeover Panel since a May approach. The new deadline is 26 September.
Earlier this week, Praxis has said it has “no intention” of making a bid for Capital & Regional, leaving NewRiver the sole suitor.
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Retention rate is significantly ahead of underwrite assumption
Suitor had been due to make offer or walk away by 5pm today
A look ahead to what is happening in the world of commercial real estate this week
