Roc Partners has moved quickly to seize back control in its drawn-out takeover battle with Macquarie for the Vitalharvest Freehold Trust, with a 4¢ per unit higher offer for the Costa berry and citrus landlord.
A day after Macquarie Infrastructure & Real Assets (MIRA) lifted its own offer to $1.12 to match an earlier bid from the Sydney private equity firm, Roc Partners trumped the giant asset manager again with an offer to pay $1.16 for all the units in the trust – or $214.6 million in total. Alternatively, it would acquire all the assets of the trust for $329.6 million, up from $322.2 million.