FilingReader Intelligence
Reef Casino Trust takeover bid rises to A$3.72
August 20, 2025 at 10:28 AM UTC•By FilingReader AI
Iris Cairns Property Pty Ltd has increased its takeover bid for Reef Casino Trust units to A$3.72 per unit, up from A$3.5541. This raises the total deal value to approximately A$185.3 million for the 49,801,036 units.
The revised offer no longer requires ACCC approval. The Independent Board Committee unanimously recommends unitholders accept the offer.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
Primary Source Document
ASX:RCT•Australian Securities Exchange
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