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Why Is Elanor Commercial Property Fund Urging Securityholders to Reject a $0.68 Takeover Offer?
7:01pm on Friday 10th of October, 2025 AEDT
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Real Estate
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Why Is Elanor Commercial Property Fund Urging Securityholders to Reject a $0.68 Takeover Offer?
7:01pm on Friday 10th of October, 2025 AEDT
Key Points
LDR Assets' takeover offer price corrected to $0.68375 per security
Offer price represents a discount to ECF's 30 June 2025 net tangible assets
Independent Board Committee (IBC) unanimously recommends rejecting the offer
Independent Expert deems the offer neither fair nor reasonable
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