Huntingdon raises hostile offer for KEYreit to match Plazacorp proposal

RICHMOND, B.C. – Huntingdon Capital Corp. (TSX:HNT) raised its hostile takeover offer to buy KEYreit (TSX:KRE.UN) to match a friendly deal the trust signed with Plazacorp Retail Properties Ltd. (TSXV:PLZ). Huntingdon said it would pay $8 in cash or $6 in cash plus 0.16038492 of a Huntingdon share for each KEYreit unit, however unlike the Plazacorp offer did not put a limit on the amount of cash available.

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