Lithium
45.57
0.6%
Gold
2,686.60
0.55%
Copper
4.09
(0.41%)
Oil
70.32
0.2%
Bitcoin
98,932.54
0.49%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,326.69
0.47%
Dow Jones
43,870.35
0.76%
Iron Ore
100.60
(1.38%)
USD/AUD
0.65
(0.02%)
Hang Seng
19,324.56
(1.47%)
Lithium
45.57
0.6%
Gold
2,686.60
0.55%
Copper
4.09
(0.41%)
Oil
70.32
0.2%
Bitcoin
98,932.54
0.49%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,326.69
0.47%
Dow Jones
43,870.35
0.76%
Iron Ore
100.60
(1.38%)
USD/AUD
0.65
(0.02%)
Hang Seng
19,324.56
(1.47%)
Lithium
45.57
0.6%
Gold
2,686.60
0.55%
Copper
4.09
(0.41%)
Oil
70.32
0.2%
Bitcoin
98,932.54
0.49%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,326.69
0.47%
Dow Jones
43,870.35
0.76%
Iron Ore
100.60
(1.38%)
USD/AUD
0.65
(0.02%)
Hang Seng
19,324.56
(1.47%)
Lithium
45.57
0.6%
Gold
2,686.60
0.55%
Copper
4.09
(0.41%)
Oil
70.32
0.2%
Bitcoin
98,932.54
0.49%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,326.69
0.47%
Dow Jones
43,870.35
0.76%
Iron Ore
100.60
(1.38%)
USD/AUD
0.65
(0.02%)
Hang Seng
19,324.56
(1.47%)
Lithium
45.57
0.6%
Gold
2,686.60
0.55%
Copper
4.09
(0.41%)
Oil
70.32
0.2%
Bitcoin
98,932.54
0.49%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,326.69
0.47%
Dow Jones
43,870.35
0.76%
Iron Ore
100.60
(1.38%)
USD/AUD
0.65
(0.02%)
Hang Seng
19,324.56
(1.47%)
Lithium
45.57
0.6%
Gold
2,686.60
0.55%
Copper
4.09
(0.41%)
Oil
70.32
0.2%
Bitcoin
98,932.54
0.49%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,326.69
0.47%
Dow Jones
43,870.35
0.76%
Iron Ore
100.60
(1.38%)
USD/AUD
0.65
(0.02%)
Hang Seng
19,324.56
(1.47%)
Lithium
45.57
0.6%
Gold
2,686.60
0.55%
Copper
4.09
(0.41%)
Oil
70.32
0.2%
Bitcoin
98,932.54
0.49%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,326.69
0.47%
Dow Jones
43,870.35
0.76%
Iron Ore
100.60
(1.38%)
USD/AUD
0.65
(0.02%)
Hang Seng
19,324.56
(1.47%)
Lithium
45.57
0.6%
Gold
2,686.60
0.55%
Copper
4.09
(0.41%)
Oil
70.32
0.2%
Bitcoin
98,932.54
0.49%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,326.69
0.47%
Dow Jones
43,870.35
0.76%
Iron Ore
100.60
(1.38%)
USD/AUD
0.65
(0.02%)
Hang Seng
19,324.56
(1.47%)
Lithium
45.57
0.6%
Gold
2,686.60
0.55%
Copper
4.09
(0.41%)
Oil
70.32
0.2%
Bitcoin
98,932.54
0.49%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,326.69
0.47%
Dow Jones
43,870.35
0.76%
Iron Ore
100.60
(1.38%)
USD/AUD
0.65
(0.02%)
Hang Seng
19,324.56
(1.47%)
Lithium
45.57
0.6%
Gold
2,686.60
0.55%
Copper
4.09
(0.41%)
Oil
70.32
0.2%
Bitcoin
98,932.54
0.49%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,326.69
0.47%
Dow Jones
43,870.35
0.76%
Iron Ore
100.60
(1.38%)
USD/AUD
0.65
(0.02%)
Hang Seng
19,324.56
(1.47%)
Lithium
45.57
0.6%
Gold
2,686.60
0.55%
Copper
4.09
(0.41%)
Oil
70.32
0.2%
Bitcoin
98,932.54
0.49%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,326.69
0.47%
Dow Jones
43,870.35
0.76%
Iron Ore
100.60
(1.38%)
USD/AUD
0.65
(0.02%)
Hang Seng
19,324.56
(1.47%)
Lithium
45.57
0.6%
Gold
2,686.60
0.55%
Copper
4.09
(0.41%)
Oil
70.32
0.2%
Bitcoin
98,932.54
0.49%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,326.69
0.47%
Dow Jones
43,870.35
0.76%
Iron Ore
100.60
(1.38%)
USD/AUD
0.65
(0.02%)
Hang Seng
19,324.56
(1.47%)
Lithium
45.57
0.6%
Gold
2,686.60
0.55%
Copper
4.09
(0.41%)
Oil
70.32
0.2%
Bitcoin
98,932.54
0.49%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,326.69
0.47%
Dow Jones
43,870.35
0.76%
Iron Ore
100.60
(1.38%)
USD/AUD
0.65
(0.02%)
Hang Seng
19,324.56
(1.47%)
Lithium
45.57
0.6%
Gold
2,686.60
0.55%
Copper
4.09
(0.41%)
Oil
70.32
0.2%
Bitcoin
98,932.54
0.49%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,326.69
0.47%
Dow Jones
43,870.35
0.76%
Iron Ore
100.60
(1.38%)
USD/AUD
0.65
(0.02%)
Hang Seng
19,324.56
(1.47%)
Lithium
45.57
0.6%
Gold
2,686.60
0.55%
Copper
4.09
(0.41%)
Oil
70.32
0.2%
Bitcoin
98,932.54
0.49%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,326.69
0.47%
Dow Jones
43,870.35
0.76%
Iron Ore
100.60
(1.38%)
USD/AUD
0.65
(0.02%)
Hang Seng
19,324.56
(1.47%)
Lithium
45.57
0.6%
Gold
2,686.60
0.55%
Copper
4.09
(0.41%)
Oil
70.32
0.2%
Bitcoin
98,932.54
0.49%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,326.69
0.47%
Dow Jones
43,870.35
0.76%
Iron Ore
100.60
(1.38%)
USD/AUD
0.65
(0.02%)
Hang Seng
19,324.56
(1.47%)
Lithium
45.57
0.6%
Gold
2,686.60
0.55%
Copper
4.09
(0.41%)
Oil
70.32
0.2%
Bitcoin
98,932.54
0.49%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,326.69
0.47%
Dow Jones
43,870.35
0.76%
Iron Ore
100.60
(1.38%)
USD/AUD
0.65
(0.02%)
Hang Seng
19,324.56
(1.47%)
Lithium
45.57
0.6%
Gold
2,686.60
0.55%
Copper
4.09
(0.41%)
Oil
70.32
0.2%
Bitcoin
98,932.54
0.49%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,326.69
0.47%
Dow Jones
43,870.35
0.76%
Iron Ore
100.60
(1.38%)
USD/AUD
0.65
(0.02%)
Hang Seng
19,324.56
(1.47%)
Lithium
45.57
0.6%
Gold
2,686.60
0.55%
Copper
4.09
(0.41%)
Oil
70.32
0.2%
Bitcoin
98,932.54
0.49%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,326.69
0.47%
Dow Jones
43,870.35
0.76%
Iron Ore
100.60
(1.38%)
USD/AUD
0.65
(0.02%)
Hang Seng
19,324.56
(1.47%)
Lithium
45.57
0.6%
Gold
2,686.60
0.55%
Copper
4.09
(0.41%)
Oil
70.32
0.2%
Bitcoin
98,932.54
0.49%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,326.69
0.47%
Dow Jones
43,870.35
0.76%
Iron Ore
100.60
(1.38%)
USD/AUD
0.65
(0.02%)
Hang Seng
19,324.56
(1.47%)
Hotel Property Investments (ASX: $HPI) issues second supplementary target's statement
- Author: Stock Piper
Hotel Property Investments takeover bid response
Hotel Property Investments (ASX:HPI) has released a second supplementary target's statement in response to a takeover bid from Charter Hall Retail REIT and Hostplus. The HPI Board recommends rejecting the bid, labeling it as opportunistic and undervaluing HPI's assets.
Hotel Property Investments takeover bid summary
Hotel Property Investments (ASX:HPI) has received an off-market takeover bid from Charter Hall Retail REIT and Hostplus for all HPI securities. The offer requires 35% acceptance by December 2024, with the bidders currently holding 26.94%. The HPI Board advises securityholders to reject the offer, citing undervaluation of HPI's assets and growth potential. HPI is committed to secure income and strategic growth, highlighting its premium pub assets and market position. The company continues to provide resources and communication to support informed decision-making by securityholders.
Hotel Property Investments Board commentary
The HPI Board unanimously recommends that securityholders reject the bid, describing it as opportunistic, unsolicited, and conditional. The bid is characterized as materially undervaluing HPI's portfolio and failing to compensate securityholders adequately for the company’s unique pub assets and business outlook.
HOTEL PROPERTY INVESTMENTS
HPI | ASX | Real Estate
3.70.03(+0.82%)
At close (AEDT)
Market cap
$
Volume
0
DY Yield
PE Ratio
52 Week Range
-
1YR Return
N / A
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