
Iris Offers Reef Casino Trust Minorities A$4.67 a Unit, 21% More Than It Paid for Control
The Iris Capital vehicle that took 85.77% of the owner of Cairns' Reef Hotel Casino at A$3.87 a unit is now offering the holdouts A$4.67 and saying it will delist the trust if it can. On the bidder's own share count, one investor with 9.84% decides whether it can force the rest out.



