NPT appoints Northington Partners to consider Augusta proposal

Mon, 14 Nov 2016

By Edwin Mitson Nov. 14 (BusinessDesk) - Property investor NPT has appointed Northington Partners to consider a planned transaction put forward by minority shareholder Augusta Capital, as well as other alternative options. Augusta took a 9.3 percent stake in NPT in September in a deal with the Accident Compensation Corp, buying shares at 73 cents, above the then market price of 64 cents. It then proposed a deal to NPT management in which it would buy the company's management contract and facilitate a $329 million acquisition but was rebu...

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