Mirvac Group bids for Colonial First State Property Trust Group

The Mirvac Group today announced its intention to make an all-scrip takeover offer (the Offer) for all the issued units in the four trusts that comprise the Colonial First State Property Trust Group (CFT).

The offer provides CFT unit holders with the opportunity to become investors in a diversified property group with over $4.6 billion in assets and to benefit from Mirvac Group’s proven internal property management, investment and development expertise.

CFT unit holders will be offered one Mirvac Group stapled security* for every 1.76 CFT units, valuing CFT units at $2.35.

For more information please visit www.mirvac.com.au.

(source: Mirvac)

Related News