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TORONTO - NorthWest Healthcare Properties Real Estate Investment Trust says it and a partner have made an offer to buy Australian Unity Healthcare Property Trust that values it at $2.6 billion, including debt.
Third-time lucky? Northwest lobs $2.7b bid for Australian Unity fund
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Canada’s NorthWest Healthcare Properties has sweetened its bid for Australian Unity’s unlisted healthcare real estate fund after two rejections, taking the offer to around $2.7 billion in total.
Australian Unity quietly posted the revised offer of $2.55 per wholesale unit on its website late on Tuesday afternoon.
Australian Unity’s portfolio includes the $20 million hospital planned at Robina on the Gold Coast.
The offer is the third so far that the deep-pocketed Canadian investment platform has pitched. In March, it put up a $2.35 per unit bid, worth about $2.5 billion in total, after lobbing its initial offer of $2.20 in February.
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The Canadian equity markets have opened weak today, amid reports of Canada’s trade balance shifting to a deficit in March after reporting a trade surplus in the previous two months. Its trade deficit came in at $1.1 billion against analysts’ expectation of $700 million of trade surplus. Amid the rising volatility and low-interest environment, investors could buy high-quality dividend stocks to earn stable passive income and stabilize their portfolios. Meanwhile, here are four Canadian dividend stocks that are financially stable and pays dividends at healthier yields.
Enbridge
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