Yew Grove REIT

Takeover offer reflects wider issues for Irish real estate

  • Sectors : REITs
  • Companies : Yew Grove REIT

Ratings and price correct at time of issue.

  • Yew Grove REIT

    Closing Price: 100c

  • RATING 20/04/20

  • PREVIOUS RATING N/A

DAVY VIEW

Yew Grove has announced that it has received a cash offer from Slate Office REIT for its entire share capital. Management has agreed to the terms. The price represents a 1.7% bid premium versus the closing price and is at a slight premium to NTA. This was an increasingly inevitable course of action.

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Nov 16 2021, 09:50 GMT

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