RDI share price falls on Cromwell retreat

2019-04-25T07:57:00

RDI Reit saw its share price fall 4% on Wednesday to 134.4p in reaction to news that Australia’s Cromwell Property Group had dropped its takeover approach.

Last month Australian Investment giant Cromwell Property confirmed it was in takeover talks with RDI, causing the latter’s share price to rocket 14%. RDI said it refused to approve an extension period for Cormwell to continue due diligence as the offer undervalued the company.

This content is only available to registered users

You must be logged in to continue

Would you like to read more?

Try Property Week For Free to finish this article.

Unlimited access to Property Week
Breaking news, comment and analysis from industry experts as it happens
Choose from our portfolio of email newsletters

To access this article TRY FOR FREE NOW

Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.

Registered users and subscribers SIGN IN here to continue