Glenstone lifts bid for Alternative Income REIT to £57.4m
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.
Why it matters
This move reflects ongoing consolidation and valuation debates within the real estate investment trust sector.
Glenstone, the largest shareholder in Alternative Income REIT ( AIRE ) , has raised its bid for the company to 71.4p per share in cash.
The report provides factual financial data and market commentary without taking a side in the acquisition bid.
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