Roc trumps Macquarie with higher offer for Vitalharvest
Larry SchlesingerReporter
Sydney private equity firm Roc Partners has put the pressure back on Macquarie’s real estate arm to sweeten its offer for Costa fruit orchard landlord Vitalharvest after trumping its $1.08-per-unit takeover offer with a 4¢ higher bid.
The $1.12-per-unit takeover proposal, which values the ASX-listed trust at $207 million, is non-binding, but Roc Partners said it intended to submit a binding proposal by March 31.
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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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