Investors to vote on takeover deal
About 3800 unit-holders in the former Colonial First State Property Trust will vote this month on a radical deal which will further bed down the takeover of their trust by Australia's Macquarie Goodman.
Thursday, March 11th 2004, 6:53AM
by The Landlord
Although Macquarie Goodman Industrial Trust is listed in Australia and it had bought a substantial Auckland portfolio in the past two years, Macquarie had no public presence until December 16 when it unveiled a series of transactions which resulted in it buying Colonial's management company for $5.75 million, renaming the Colonial trust Macquarie and taking a 20 per cent stake in the trust for $27.61 million.
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