The real estate investment trust has confirmed it had received an unsolicited offer from Cromwell Property Group
The share price of RDI Reit, the UK arm of Redefine Properties, jumped as much as 19% on Wednesday morning after it confirmed it had been approached regarding a possible take-over offer.
“There can be no certainty that any offer can be made, nor as to the terms of any such offer,” the company said in a statement. The company reported that net asset value per share had grown 3.8% to 2.70p in the year to end-August, while underlying earnings had grown 7.4%.
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