QuotedData·3 min read·medium
Glenstone lifts bid for Alternative Income REIT to £57.4m
G
Gavin Lumsden
✦AI Summary
Glenstone has increased its cash bid for Alternative Income REIT to £57.4 million, or 71.4p per share. The board of the target company is currently evaluating the offer, which remains below the net asset value, amid potential interest from other bidders.
Glenstone, the largest shareholder in Alternative Income REIT ( AIRE ) , has raised its bid for the company to 71.4p per share in cash.
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