If property investor Charter Hall and industry fund Hostplus want to spark the ASX’s next bar room brawl, they’re going to have to do better than a cheap bid for pub properties owner Hotel Property Investments.
Having stormed on to HPI’s share register six months ago, Charter Hall finally put HPI in play with a Saturday phone call warning them of an impending $800 million-odd bid. HPI’s board must have laughed.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
