Last month‚ the JSE declined Growthpoint's request for a ruling that Redefine Properties be precluded from voting on all resolutions relating to Growthpoint's bid for Fountainhead's R10bn property portfolio.
Redefine and Growthpoint have been in a bidding war for Fountainhead's assets since last October‚ until Redefine withdrew its offer in March after it acquired a 46% stake in Fountainhead.
Redefine bought Fountainhead's management company for R660m last August before opening talks on the trust's assets.
"Growthpoint will continue to engage with the regulators and major independent unit-holders of Fountainhead and will reassess its alternatives once it has greater clarity as to the definitive position of‚ in particular‚ the FSB‚" the company said.
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
