- Irongate Group (IAP) has received the revised indicative proposal from 360 Capital Group and 360 Capital REIT, to acquire all IAP stapled securities
- 360 Capital does not already own the stapled securities and will acquire them through an agreed trust scheme, for $1.72 each
- The revised indicative proposal reflects an increase of 7.2 per cent from the original proposal on October 15 with no other changes to any terms
- Irongate Group shares last traded at $1.60
Irongate Group (IAP) has received a revised indicative proposal from 360 Capital Group and 360 Capital REIT, to acquire all IAP stapled securities.
The proposal sees 360 Capital acquire the shares it does not already own through an agreed trust scheme, for $1.72 each.
The revised indicative proposal reflects an increase of 7.2 per cent from the original proposal on October 15 with no other changes to any terms.
The company says IAP security holders do not need to take any action in relation to the proposal and are advised to take caution when dealing in their stapled securities.
Irongate explained the company is committed to maximising security holder value and will appropriately consider a proposal consistent with this objective.
Irongate Group shares last traded at $1.60.