Morris Group makes bid for Reef Casino Trust offering $184 million
CAIRNS: Reef Casino Trust (ASX:RCT) has received a conditional, non-binding bid from Morris Group, offering approximately A$184 million for all issued units of the trust in an off-market cash takeover. The proposal, submitted through MGGM Cairns No1 Pty Ltd, values each unit at A$3.70 and mirrors the key terms of a prior offer from Iris…