US group Hometown is less than 7% from declaring its takeover of Gateway Lifestyle is free of all conditions.
Hometown advised it has reached a total interest in Gateway of 43.89%. Once it has secured an interest in excess of 50%, its offer will be declared unconditional and Gateway security holders that have accepted into the Offer will receive payment within 7 days.
Hometown said it encourages all security holders to accept as soon as possible to facilitate earlier payment and also notes that CEO Trent Ottawa, who has a 3.56% stake, has now accepted.
Australian Property Journal
