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Why Did Reef Casino Trust’s Takeover Offer Just Jump to $3.87 Per Unit?

2:45am on Saturday 30th of August, 2025 AEST Gaming & Leisure
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Why Did Reef Casino Trust’s Takeover Offer Just Jump to $3.87 Per Unit?

2:45am on Saturday 30th of August, 2025 AEST
Key Points
  • Offer price increased from $3.72 to $3.87 per unit
  • Total equity valuation rises to approximately A$192.7 million
  • Break fee adjusted to $1.927 million reflecting higher offer price
  • Unanimous recommendation by Reef Casino Trust board and Independent Board Committee
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