Walls & Futures REIT PLC (LON:WAFR), an ethical housing investor and developer, said an unsolicited takeover offer from Virgata Services Ltd has now lapsed.
Walls & Futures said it can “now draw a line under this unfortunate distraction” after the offer was overwhelmingly rejected by its shareholders.
“The board wishes to thank our shareholders for their trust and support,” it said. “We now look forward to delivering our growth plans as outlined in our response document and building high quality, design led, specialist supported housing for children and adults with autism.”
The supported housing specialist had called the 50p per share offer opportunistic.
READ: Walls & Futures says 50p per share cash offer is substantial undervaluation