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NorthWest lifts bid for Aus Unity fund to $2.8b, begins legal action
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NorthWest Healthcare Properties raised its bid to $2.8 billion for an Australian Unity-run healthcare real estate fund as its best and final offer while launching legal action to challenge a move by ASX-listed Dexus into the fund.
The Canadian investment platform sweetened its offer to $2.70 cash per wholesale unit in the Australian Unity Healthcare Property Trust, its third offer since its initial approach at $2.20 in February.
The takeover narrative has turned increasingly hostile, with legal action launched on both sides. Frustrated by Australian Unity’s repeated rebuffs, the Canadians had already called a unitholder meeting to vote on their previous offer of $2.55.