Insights

Vitalharvest (ASX:VTH) share price pause as M&A battle continues

Trading in the Vitalharvest (ASX: VTH) share price has been paused today as the ongoing takeover battle for the agricultural REIT continues.
The post Vitalharvest (ASX:VTH) share price pause as M&A battle continues appeared first on The Motley Fool Australia. –

asx shares asset sales and mergers and acquisitions represented by two business men playing tug of war with rope Cleanaway share price

Trading in the Vitalharvest Freehold Trust (ASX: VTH) share price has been paused after an update today on its takeover battle between Roc Partners and Macquarie Agricultural Funds Management (MAFM).

Shares in the Aussie real estate investment trust (REIT) closed at $1.215 per share on Thursday afternoon.

What’s with the Vitalharvest share price?

Vitalharvest is in the middle of a takeover tug of war between the two investment groups. This morning, the Aussie REIT received a further proposal from MAFM, the sixth of its kind. The Sixth MAFM Proposal is offering $1.24 per unit or $344.4 million for the Aussie agricultural REIT.

The latest MAFM update comes after Vitalharvest received an updated offer from Roc yesterday. The Fifth Roc offer valued Vitalharvest at $1.23 per unit or $342.55 million. That offer also changed the scheme implementation deed to reflect likely timing after 30 June 2021.

Both the latest Roc and MAFM proposals permit a 2.5 cents per unit distribution. That has been reflected in the Vitalharvest share price remaining below the headline offer price.

Vitalharvest requested a pause in trading before announcing the latest offer. Both Roc and MAFM appear willing to push their offers higher to acquire the agricultural REIT.

What does Vitalharvest do?

Vitalharvest is an Agricultural REIT that controls berry and citrus farms across Australia. The Aussie REIT has locations across New South Wales, South Australia and Tasmania that are currently leased to Costa Group Holdings Ltd (ASX: CGC).

Vitalharvest has been the target of the ongoing takeover war between the US-based Roc Partners and MAFM. The Vitalharvest share price has surged 24.5% higher since the start of the year on the back of the various proposals.

The Aussie REIT currently boasts a $222.9 million market capitalisation at a price to earnings (P/E) ratio of 18.2 times.

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of February 15th 2021

More reading

Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Vitalharvest (ASX:VTH) share price pause as M&A battle continues appeared first on The Motley Fool Australia.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!