Redefine Says Fountainhead Negotiations ‘Materially Complete’

Redefine Properties Ltd. (RDF) said talks about its proposed acquisition of Fountainhead Property Trust (FPT) are nearing completion.

“Negotiations are materially complete,” Redefine said in a statement after the Johannesburg market closed today. The two companies entered into exclusive talks and these have now been extended until Feb. 22, according to the statement.

To contact the reporter on this story: Kamlesh Bhuckory in Johannesburg at kbhuckory@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net