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Why Is Iris Offering a 17.7% Premium to Take Over Reef Casino Trust?
8:37am on Monday 14th of July, 2025 AEST
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Gaming & Leisure
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Why Is Iris Offering a 17.7% Premium to Take Over Reef Casino Trust?
8:37am on Monday 14th of July, 2025 AEST
Key Points
Iris offers $3.5541 per unit, a 17.7% premium to recent trading prices
Unanimous board recommendation to accept, pending regulatory approvals
Support secured from major unitholders Accor and Casinos Austria International
Offer subject to conditions including casino licensing and ACCC clearance
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Reef Casino Trust (ASX:RCT)
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