IN BRIEF: AIRE tells shareholders not ot back Glenstone offer
Alternative Income REIT PLC - real estate investment trust focused on specialised alternative property sectors - Says shareholders should not accept the takeover offer from 25.4%-shareholder Glenstone REIT PLC. Earlier on Wednesday, Glenstone asked shareholders to back its 71.4 pence per share offer, comprising 70.0 pence in cash plus Alternative Income REIT shareholders' entitlement to retain the 1.4 pence fourth-quarter dividend. This follows rival suitor AEW UK REIT PLC's announcement that it would not be making an offer. Read More