The offer of 98 cents per unit represents 1.07 times price/adjusted NAV, and is at a 10.9% and 12.8% premium over the one-month and 12-month volume-weighted average prices.
Unitholders of Paragon REIT have approved the 98 cents per unit privatisation offer by Cuscaden Peak Investments by an overwhelming vote.
At a scheme meeting held earlier today, unit holders representing 97.57% by value and 82.78% by headcount gave the go-ahead.
