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Morris Group Challenges Reef Casino Trust Takeover with $191.7M Bid
9:22pm on Friday 29th of August, 2025 AEST
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Real Estate
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Morris Group Challenges Reef Casino Trust Takeover with $191.7M Bid
9:22pm on Friday 29th of August, 2025 AEST
Key Points
Morris Group submits unsolicited $191.7 million cash takeover bid
Offer competes with existing Iris Cairns Property Trust proposal
Iris offer already has ACCC approval; Morris proposal conditional on further acquisitions
Independent Board Committee advises unitholders to take no action currently
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REEF CASINO TRUST (ASX:RCT)
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