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Ground Rents Income rejects fifth 'unattractive' bid from Victoria Property
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investmentweek.co.ukThe latest cash offer placed on 29 January, the fifth indicative offer presented since November 2024, was 3.5p higher than the one submitted by Victoria Property at the beginning of January, of 34p per share. In a stock exchange notice today (31 January), GRIO called the latest offer «unattractive» and added it «materially undervalues the company». As a result, the trust's board rejected Victoria Property's bid, with the board also rejecting Victoria Property's request, presented alongside the fifth bid on Wednesday (29 January), of extending the PUSU deadline and improving access to ...
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