The Tony Pitt-led 360 Capital has begun increasing its stake in Asia Pacific Data Centres after formally lodging its bidder's statement for a $1.95-a-share takeover.
With the filing of the bidder's statement, Mr Pitt's platform confirmed it may now buy APDC shares on the market for, at or below its offer price. It now holds just under 20 per cent.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
