The Roberts Family Nominees has formally agreed to enter into detailed discussions with Brookfield Asset Management, to put forward a proposal for the takeover Multiplex.
RFN, headed by Andrew Roberts, Tim Roberts Denby Macgregor, and Broofield have lodged a new substantial holder’s notice on the Australian Stock Exchange.
RFN holds approximately 25.6% of Multiplex Group stapled securities, with Brookfield having an economic interest of approximately 4.2%.
Yesterday, RFN said it wishes to highlight that the proposal being discussed with Brookfield relates to the effective acquisition of the underlying businesses of Multiplex and not the whole of the Multiplex Group.
“The financial terms of any proposal will be determined by reference to the fair market values of the businesses proposed to be acquired, and not by reference to any speculative security price.
“RFN wishes to ensure that any uncertainty in relation to a potential proposal (and its terms) is resolved as quickly as possible. Of course it is ultimately a matter for the Board of Multiplex to determine whether any proposal (if forthcoming) merits presentation by it to security holders,” RFN said.
Australian Property Journal
