THAKRAL Holdings has appointed Grant Samuel as independent expert to review the Brookfield Asset Management's takeover proposal.
Last month Brookfield made a $410 million takeover bid for Thakral.
However the early offer has been rejected by Thakral’s chief operating officer Anthony Story, who told Property Review that Brookfield’s $0.70 cents per stapled security offer is well below the group’s net tangible asset of $0.96 cents.
Since the bid, Thakral shares have steadily increased and are currently trading at $0.75 cents — its highest level in almost four years, giving the company a market capitalisation rate of $439 million.
Property Review
