AOF Takeover Not Done Deal Yet7 November 2019
The proposed take over of AOF by Abacus & Charter Hall is not a done deal yet with Peter Scanlan's Hume Partners increasing their stake to 9.55%.
Last weeks' decision by Charter Hall and Abacus to sell their 19.9% stake to ensure more unit holders could vote in favour of their scheme has providing some liquidity for Hume Partners to pick up a greater share of the group.
It is unclear what Hume Partners' intentions may be however the group now have a further two weeks to consider its moves as the Shareholder meeting has been adjourned following advice that proper process should proceed following the sale of interests from Abacus and Charter Hall.
The new meeting date has been set for 18th November 2019.