Subscribe & Follow
Fountainhead mulling over Growthpoint's offer
Growthpoint last week increased its offer for Fountainhead from 35 Growthpoint linked units to 37 Growthpoint linked units for every 100 Fountainhead units.
The revised offer represents an increase of 5.7%‚ or R605m‚ above its previous offer‚ and a premium of 12.8% to the closing price of Fountainhead units on February 19.
Redefine Properties (RDF) is also bidding for Fountainhead's assets after acquiring the trust's management company in August last year.
Fountainhead said all decisions of the independent committee regarding the proposals are being guided by the assessment of what is in the best interests of unitholders.
Source: I-Net Bridge
![](https://biz-file.com/b/1206/36520.gif?3)
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za![](/res/img/s.gif)