United States

Arrowhead Properties says submitted expression of interest to buy Emira

Monday, 25 Jul 2016 02:45am EDT 

Arrowhead Properties Ltd : Expression of interest to acquire entire issued share capital of emira property fund limited . Emira shareholders, who collectively hold about 22% of emira shares, have indicated their support for transaction . Addressed non-binding expression of interest to board of emira detailing arrowhead's interest in acquiring emira .Would buy all of shares owned by emira shareholders for a consideration of 1.67 arrowhead shares for every emira share. 

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4:03am EDT