Iris Capital Secures Support for $177M Reef Casino Trust Takeover

Reef Casino Trust (RCT) has announced it has entered into a Takeover Bid Implementation Agreement with Iris Cairns Property Pty Ltd, part of Sydney-based Iris Capital, for a proposed AU$177 million acquisition. The offer values each RCT unit at $3.5541—a 17.69% premium on the July 11 closing price and more than 30% above the unit […]