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Roc trumps Macquarie again with higher bid for Vitalharvest

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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.

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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

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    Original URL: https://www.afr.com/property/commercial/roc-partners-trumps-macquarie-again-with-higher-bid-for-vitalharvest-20210408-p57hg1