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- Alpha Real intervenes in Hansteen / Industrial Multi Property bid
The Board of Alpha Real Trust believes that the offer by Hansteen continues to grossly undervalue Industrial Multi Property Trust (IMPT) and have resolved to reject the offer.
Given that the Board of Alpha Real Trust believes there is the potential for serious conflicts of interest between Hansteen and IMPT, resulting from Hansteen operating in the same commercial property sector as IMPT, and Hansteen potentially owning a controlling 50% or greater interest in IMPT (as set out in Hansteen’s announcement dated 15 March 2017 regarding the level of acceptances) the Board of Alpha Real Trust announces that it has requested an Extraordinary General Meeting of Industrial Multi Property Trust PLC (“IMPT”) to propose the following resolutions:
ARTL / IMPT / HSTN : Alpha Real intervenes in Hansteen / Industrial Multi Property bid
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