Australia's Gateway Lifestyle rejects revised Hometown offer: Reuters
Australian retirement village owner Gateway Lifestyle Group has rejected Hometown America’s revised takeover bid offering A$695 million (US$514 million) in cash, saying it was not in the best interest of the company and its shareholders, Reuters reported. The revised offer had come after Gateway agreed to grant an exclusive due diligence to Canada’s Brookfield Asset Management, which made a non-binding A$2.30-a-share offer for Gateway on June 21, trumping an earlier offer from Hometown.
10 July 2018•1 min read
