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Roc wins time as Vitalharvest vote delayed to June

Roc Partners has won itself more time to lift its offer for Costa fruit orchard landlord Vitalharvest, after a meeting to vote on Macquarie’s latest revised offer for the trust was postponed until early June.

A unitholder meeting to vote on Macquarie’s previously recommended takeover offer of $1.26 per unit or $348.1 million to purchase all the trust’s assets was meant to take place on Wednesday at 2pm. This was before Roc lobbed a $1.27 per unit offer – its seventh – or alternatively $350 million to buy all the trust’s assets on Monday afternoon.

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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-wins-time-as-vitalharvest-vote-delayed-to-june-20210510-p57qka