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Elanor Commercial Property Fund Challenges Lederer’s Takeover Bid Disclosure
9:57am on Wednesday 3rd of September, 2025 AEST
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Real Estate
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Elanor Commercial Property Fund Challenges Lederer’s Takeover Bid Disclosure
9:57am on Wednesday 3rd of September, 2025 AEST
Key Points
Elanor Commercial Property Fund (ECF) contests Lederer’s $0.70 per security takeover bid
Application to Takeovers Panel highlights material omissions and misleading statements in bidder’s statement
Concerns include Lederer’s ownership, expertise, strategy changes, and management expense ratio comparisons
ECF requests market notice of deficiencies and a replacement bidder’s statement
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