Centuria takes another tilt at Augusta with $169.5m bid

Mon, 15 Jun 2020

ASX-listed Centuria Capital is making another tilt at Augusta Capital, offering $1 a share for the 76.7 percent it doesn't already own. That's half the per-share amount it was prepared to pay in January, but Augusta's issued shares have expanded about 88 percent following its May capital raising. As with the earlier bid, the new offer is a mix of cash and Centuria's stapled securities, but unlike the previous offer, Augusta's shareholders don't get a choice; the new offer is 20 cents cash and 0.392 Centuria securities per Augusta share....

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