NewsBite

Roc lobs ‘infinity bid’ in eighth offer for Vitalharvest

Roc Partners has raised its offer for Costa fruit orchard landlord Vitalharvest to a leading $1.29 per unit ($238.65 million) or $353.65 million to acquire all the trust’s assets and says it intends to continue bidding up the price if Macquarie comes back with a higher offer.

The eighth offer from Sydney-based Roc came just before a May 26 deadline imposed by the trust’s responsible entity, The Trust Company, to ensure a unitholders meeting scheduled for June 10 to vote on the takeover offer goes ahead as planned, following several postponements.

Loading...
Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com

Read More

Latest In Commercial

Fetching latest articles

Most Viewed In Property

    Original URL: https://www.afr.com/property/commercial/roc-lobs-infinity-bid-for-vitalharvest-20210527-p57vko