• Most Popular
  • Most Shared

CORRECTED - CORRECTED-Oaktree extends Japan REIT tender offer deadline

Fri Oct 10, 2008 12:56am EDT

Stocks

   

(Corrects date for bid deadline to Nov 10 from Nov 11)

TOKYO, Oct 10 (Reuters) - U.S. investment firm Oaktree Capital Management said it would extend the deadline for its tender offer to buy shares in Re-Plus Residential Investment (8986.T) for the second time.

Oaktree will continue the offer to buy the shares for another month until Nov 10 as it wants to allow investors "more time to make a well informed decision," the fund said on Friday.

Last month Oaktree extended the deadline until Oct 10 from Oct 7.

Oaktree said in August it would raise its stake in Re-plus Residential to 48 percent by offering 260,000 yen a stock in the first tender offer for a real estate trust in Japan.

Shares in Re-Plus Residential were down 11.3 percent at 85,700 yen as of 0130 GMT. (Reporting by Junko Fujita; Editing by Sophie Hardach)



More from Reuters

Photo

U.S. pay czar Feinberg OKs compensation at some bailout firms

WASHINGTON (Reuters) - U.S. pay czar Kenneth Feinberg on Wednesday approved compensation plans for several executives and top-paid employees at three firms that have received taxpayer aid.

» More Top News
A man dressed as talks on a telephone during his visit at the Benjamin Bloom National Children Hospital in San Salvador December 17, 2009.

Making the call on stocks

Looking for something special to put under your favorite investor's tree? These shares may provide the best upside surprise.  Full Article 

Healthcare reform
A customer orders food at the newly opened Island Salad restaurant in Harlem in New York December 16, 2009. REUTERS/Finbarr O'Reilly

Food fight in Harlem

In a neighborhood where hamburgers and tacos reign supreme, one entrepreneur is waging war on obesity -- one salad at a time.  Full Article 

Lifestyle