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.