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IN BRIEF: Alternative Income Brushes Off Glenstone Tender Offer

27th Oct 2020 19:07

Alternative Income REIT PLC - UK commercial property investor with assets predominantly let on long leases - Says Glenstone Property PLC's proposed tender off for 20.1 million Alternative Income shares at 59.25 pence each "significantly undervalues the company". Says valuation is 29% discount to June 30 net asset value per share of 83.58p.

Current stock price: 56.80 pence

Year-to-date change: down 24%

By Eric Cunha; [email protected]

Copyright 2020 Alliance News Limited. All Rights Reserved.


Related Shares:

Alternative Inc
FTSE 100 Latest
Value8,809.74
Change53.53