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Augusta takeover bid trashed

Centuria withdrew its bid without providing a public explanation.

Andrew Bevin Thu, 26 Mar 2020

Centuria Capital has terminated its 100% takeover bid for NZX-listed property manager Augusta Capital at $2 a share.

The deal valued Augusta at $175 million, a 20% premium to the closing price of $1.67 on January 28, the day before the takeover bid was announced on the NZX.

Augusta shares

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Andrew Bevin Thu, 26 Mar 2020
Contact the Writer: andrew@nbr.co.nz
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Augusta takeover bid trashed
Property,
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