Investment Matters

Company news: 360 Capital Industrial Fund

Last Friday, the directors of the Australia Industrial REIT (ANI) recommended its securityholders accept the takeover offer from 360 Capital Industrial Fund.  This follows an alternative cash proposal for ANI not firming up, and the end of 360 Capital's offer at COB on Monday.   As more than 50% of ANI's security-holders had accepted the offer by the offer-close deadline, 360 Capital's takeover offer has been extended by two weeks.