Charter Hall Declares Unconditional Bid for HPI

Hotel Property Investments Ltd. (AU:HPI) has released an update.

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Charter Hall Wholesale Management Limited has declared its takeover offer for Hotel Property Investments Ltd (ASX:HPI) unconditional, offering an all-cash payment of $3.785 per security. The bidder currently holds an aggregate interest of 31.37% in HPI securities, and the offer promises a swift payment within five business days upon acceptance. This move presents a compelling opportunity for HPI shareholders to capitalize on the premium offer.

For further insights into AU:HPI stock, check out TipRanks’ Stock Analysis page.

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