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NorthWest Healthcare Properties Real Estate Investment Trust Increases its Offer Price to Acquire Australian Unity Healthcare Property Trust and also Provides the Ability for Unitholders to Tender their Units Immediately
NorthWest Healthcare Properties Real Estate Investment Trust Increases its Offer Price to...
About this update from Vital Infrastructure Property Trust
[{"type":"text","content":"\n \n \n \n NorthWest Healthcare Properties Real Estate Investment Trust Increases its Offer Price to Acquire Australian Unity Healthcare Property Trust and also Provides the Ability for Unitholders to Tender their Units Immediately\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TORONTO\n \n ,\n \n June 16, 2021\n \n /CNW/ - NorthWest Healthcare Properties Real Estate Investment Trust (the \"REIT\") (TSX: NWH.UN) today announced that it, together with its capital partner (collectively the \"Bidding Consortium\") has increased its offer price to acquire 100% of the outstanding units of Australian Unity Healthcare Property Trust (\"AUHPT\") that the REIT does not already own to a best and final price of\n \n A$2.70\n \n per wholesale unit,\n \n A$2.76\n \n per Retail Unit, and\n \n A$1.69\n \n per Class A Unit, plus accrued distributions, to be paid in cash (the \"Proposed Transaction\"). The increase represents a 5.9% price increase over the REIT's prior offer of\n \n A$2.55\n \n per wholesale unit, which was announced by the REIT in its press release dated\n \n May 31, 2021\n \n .\n \n \n As previously announced, the Bidding Consortium has called a meeting of AUHPT unitholders to be held on\n \n Thursday July 1, 2021\n \n at\n \n 10:00am\n \n AEST in\n \n Melbourne, Australia\n \n (the \"Scheme Meeting\"). At the Scheme Meeting, AUHPT unitholders will have the opportunity to vote on the Proposed Transaction. If 75% of the value of the AUHPT units are voted in favour of the Proposed Transaction by AUHPT unitholders voting and entitled to vote, the Proposed Transaction will be approved. If approved, completion of the Proposed Transaction is expected to occur in\n \n July 2021\n \n . Mr Alan Cameron AO (former Chair of Australian Securities and Investments Commission) has agreed to act as Independent Chair for the unitholder meeting.\n \n \n As part of the Proposed Transaction, the Bidding Consortium also announced today a\n \n $375 million\n \n (\n \n A$400 million\n \n ) facility to offer to acquire AUHPT units from AUHPT...