AMP Property Portfolio Investments Limited (AMP Property Portfolio) said today that it has received Overseas Investment Act (OIA) consent for its controversial takeover of Capital Properties NZ.
Thursday, October 13th 2005, 7:47AM
by The Landlord
The offer is for $1.42 cash per share, opened on 30 September and is now only subject to the minimum acceptance condition—APP holding or controlling more than 50 per cent of Capital Properties’ voting rights—and the other conditions in the offer document.
“Now that the offer has OIA consent, it’s a simple conditional cash offer,” said Stephen Costley, general manager, AMP Property Portfolio.
