James Hird may have been the better player, but Chris Langford has won this contest.
) with Essendon – is one of the AFL’s all-time greatest players. But Langford, who won four premierships at Hawthorn, has undoubtedly triumphed in their latest contest.
On Thursday, Wesfarmers’ BWP Trust intends to declare its offer for the Newmark REIT that houses several Bunnings stores unconditional, as unitholders flock to accept it. The public campaign from Euree and others hasn’t worked. It’s basically all over., who run Newmark and will presumably pocket millions from the transaction.Simon Morris, left, and Chris Langford floated Newmark Property REIT in December 2021.
It does, however, exceed the provisions in the REIT’s product disclosure statement. A clause stipulates that the removal of Newmark as manager would trigger it being paid the equivalent of two years management fees, or $6.2 million if you double what Newmark got in FY23. Take-ups of Wesfarmers’ offer have also been robust enough to derail Sammut’s attempts to call an extraordinary general meeting, which ended in an embarrassing reversal.
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