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BRIEF-Redefine Properties says intends to acquire Annuity Properties
March 7, 2014 / 3:08 PM / 4 years ago

BRIEF-Redefine Properties says intends to acquire Annuity Properties

JOHANNESBURG, March 7 (Reuters) - Redefine Properties Ltd : * Says intends to make an offer to acquire the entire issued linked unit capital of Annuity * Annuity linked unitholders to receive 0.57752 Redefine linked units per Annuity linked unit * Says proposed transaction equates to an implied property yield of approximately 8.5 pct on annuity’s property portfolio * Annuity to pay Redefine break fee of 1 pct of value of aggregate scheme consideration on date implementation agreement was signed

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