CQR’s takeover offer for Hotel Property Investments
Charter Hall Retail and Hostplus have announced an off market all cash bid for the shares that they don't already own in HPI. Perhaps predictably the HPI board has said that they intend to reject the bid. Do you think this bid has a chance of succeeding - could the HPI board just be trying to squeeze a bit more cash out of CQR? Do you think the bid makes sense for CQR? And I've noticed that the list of widely held stocks in the afternoon reports often don't include CBA. Is there a reason for this - I'd have thought CBA would be well-qualified as "widely held"? Cheers, Carl