Ground Rents Income Fund Rejects Victoria Property's $44.6 Million Takeover Bid

Dow Jones

01-31

NikkoAM-STC Asia REIT-0.25%

By Najat Kantouar

Ground Rents Income Fund rejected the latest takeover proposal made by Victoria Property valuing the company at 35.9 million pounds ($44.6 million), but said that it remains open to possible offers.

The real estate investment trust said Friday that its board unanimously rejected Victoria Property's latest proposal as it materially undervalues the company.

However, the real-estate investment group has until Feb.5 to submit a new offer or to walk away.

Victoria Property, which is part of the real-estate investment group Martin Property, was offering 37.5 pence in cash for each Ground Rents Income Fund share. This represents an additional 3.5 pence a share, when compared the previous cash offer made on Jan. 8.

The company had previously submitted three non-binding offers to the Ground Rents Income Fund board, which had declined to engage with Victoria and rejected the proposals. The first once was at a price of 31 pence a share.

Martin Property didn't immediately reply to a request for comment.

Write to Najat Kantouar at najat.kantouar@wsj.com

(END) Dow Jones Newswires

January 31, 2025 03:23 ET (08:23 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。

热议股票

no data

没有相关数据

{"basename":"/hans","ssrTDKData":{"titleTemplate":"%s - 老虎证券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎证券,老虎证券开户,老虎券商,老虎证券官网,老虎证券app,tigertrade老虎证券,股票,炒股,新加坡股票交易平台,投资,投资理财","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hans/news/2507932555"},"companyName":"老虎证券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2507932555\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2507932555?lang=zh_CN&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-31 16:23","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2507932555","market":"sh","top_or_hot":-1,"title":"Ground Rents Income Fund Rejects Victoria Property's $44.6 Million Takeover Bid","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Najat Kantouar \n</p>\n<pre>\n \n</pre>\n<p>\n  Ground Rents Income Fund rejected the latest takeover proposal made by Victoria Property valuing the company at 35.9 million pounds ($44.6 million), but said that it remains open to possible offers. \n</p>\n<p>\n   The real estate investment trust said Friday that its board unanimously rejected Victoria Property's latest proposal as it materially undervalues the company. \n</p>\n<p>\n  However, the real-estate investment group has until Feb.5 to submit a new offer or to walk away. \n</p>\n<p>\n  Victoria Property, which is part of the real-estate investment group Martin Property, was offering 37.5 pence in cash for each Ground Rents Income Fund share. This represents an additional 3.5 pence a share, when compared the previous cash offer made on Jan. 8. \n</p>\n<p>\n  The company had previously submitted three non-binding offers to the Ground Rents Income Fund board, which had declined to engage with Victoria and rejected the proposals. The first once was at a price of 31 pence a share. \n</p>\n<p>\n  Martin Property didn't immediately reply to a request for comment. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Najat Kantouar at najat.kantouar@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 31, 2025 03:23 ET (08:23 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ground Rents Income Fund Rejects Victoria Property's $44.6 Million Takeover Bid</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGround Rents Income Fund Rejects Victoria Property's $44.6 Million Takeover Bid\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-31 16:23</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Najat Kantouar \n</p>\n<pre>\n \n</pre>\n<p>\n  Ground Rents Income Fund rejected the latest takeover proposal made by Victoria Property valuing the company at 35.9 million pounds ($44.6 million), but said that it remains open to possible offers. \n</p>\n<p>\n   The real estate investment trust said Friday that its board unanimously rejected Victoria Property's latest proposal as it materially undervalues the company. \n</p>\n<p>\n  However, the real-estate investment group has until Feb.5 to submit a new offer or to walk away. \n</p>\n<p>\n  Victoria Property, which is part of the real-estate investment group Martin Property, was offering 37.5 pence in cash for each Ground Rents Income Fund share. This represents an additional 3.5 pence a share, when compared the previous cash offer made on Jan. 8. \n</p>\n<p>\n  The company had previously submitted three non-binding offers to the Ground Rents Income Fund board, which had declined to engage with Victoria and rejected the proposals. The first once was at a price of 31 pence a share. \n</p>\n<p>\n  Martin Property didn't immediately reply to a request for comment. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Najat Kantouar at najat.kantouar@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 31, 2025 03:23 ET (08:23 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CFA.SI","symbol_name":"NikkoAM-STC Asia REIT","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2507932555","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2507932555","pubTimestamp":1738311780,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Ground Rents Income Fund rejected the latest takeover proposal made by Victoria Property valuing the company at 35.9 million pounds , but said that it remains open to possible offers.The real estate investment trust said Friday that its board unanimously rejected Victoria Property's latest proposal as it materially undervalues the company.However, the real-estate investment group has until Feb.5 to submit a new offer or to walk away.Victoria Property, which is part of the real-estate investment group Martin Property, was offering 37.5 pence in cash for each Ground Rents Income Fund share. This represents an additional 3.5 pence a share, when compared the previous cash offer made on Jan. 8.The company had previously submitted three non-binding offers to the Ground Rents Income Fund board, which had declined to engage with Victoria and rejected the proposals. The first once was at a price of 31 pence a share.Martin Property didn't immediately reply to a request for comment.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CFA.SI":"NikkoAM-STC Asia REIT","BK4095":"家庭装饰品","VCCTF":"Victoria"},"translate_title":"地租收入基金拒绝维多利亚地产4460万美元的收购要约","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CFA.SI":1,"VCCTF":1},"content_text":"By Najat Kantouar \n\n\n \n\n\n  Ground Rents Income Fund rejected the latest takeover proposal made by Victoria Property valuing the company at 35.9 million pounds ($44.6 million), but said that it remains open to possible offers. \n\n\n   The real estate investment trust said Friday that its board unanimously rejected Victoria Property's latest proposal as it materially undervalues the company. \n\n\n  However, the real-estate investment group has until Feb.5 to submit a new offer or to walk away. \n\n\n  Victoria Property, which is part of the real-estate investment group Martin Property, was offering 37.5 pence in cash for each Ground Rents Income Fund share. This represents an additional 3.5 pence a share, when compared the previous cash offer made on Jan. 8. \n\n\n  The company had previously submitted three non-binding offers to the Ground Rents Income Fund board, which had declined to engage with Victoria and rejected the proposals. The first once was at a price of 31 pence a share. \n\n\n  Martin Property didn't immediately reply to a request for comment. \n\n\n \n\n\n  Write to Najat Kantouar at najat.kantouar@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 31, 2025 03:23 ET (08:23 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}

如果下载按钮点击无跳转，请点击右上角菜单选择 “在浏览器打开”

立即咨询
下载APP
扫码下载APP