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BRIEF-Generation responsible entity unanimously recommends Northwest's increased cash offer of $2.30 per unit
May 5, 2017 / 1:11 AM / in 7 months

BRIEF-Generation responsible entity unanimously recommends Northwest's increased cash offer of $2.30 per unit

May 4 (Reuters) - Northwest Healthcare Properties Reit

* Generation responsible entity unanimously recommends Northwest’s unconditional and final cash offer of a $2.30 per generation unit

* Increased all-cash offer represents a 49.4% premium to generation’s 31 December 2016 net tangible assets

* Northwest Australia reached an agreement with APN funds management for all outstanding units it does not already own in generation

* Northwest Australia reached agreement with APN funds management to increase offer price in generation from A$2.24 to A$2.30

* Board of generation responsible entity has agreed to unanimously recommend that generation unitholders accept offer Source text for Eikon: Further company coverage:

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