TT Investments Launches $0.31 Cash Bid to Fully Acquire 360 Capital Group

TT Investments Moves to Complete Takeover

TT Investments Pty Limited, acting through Morgans Financial Limited, has launched an unconditional on-market takeover bid for 360 Capital Group (ASX – TGP) at a fixed price of $0.31 cash per security. This move aims to acquire the remaining 45.78 million securities not already owned, representing roughly 23.25% of the company’s issued capital.

Already holding a substantial 76.75% stake in 360 Capital Group, TT Investments is positioning itself to consolidate full control of the real estate investment trust, which comprises 360 Capital Group Limited and its managed investment trust. The offer is straightforward – a cash payment with no conditions attached, signaling confidence in the value proposition and a desire for a swift transaction.

Offer Mechanics and Timeline

The on-market bid will be executed by Morgans Financial Limited, which will purchase securities at the offer price during official ASX trading days starting immediately from the announcement date, with the formal offer period running from January 1 to February 3, 2026. The bidder reserves the right to extend or withdraw the offer in compliance with the Corporations Act, but has stated the $0.31 price is final and will not be increased.

Shareholders who choose to accept the offer will receive cash consideration on a standard T+2 settlement basis, although any brokerage fees incurred will be borne by the sellers. The unconditional nature of the offer removes typical deal uncertainties, providing clarity for investors weighing their options.

Strategic Implications and Market Reaction

This takeover bid reflects TT Investments’ strategic intent to fully integrate 360 Capital Group’s assets and operations, potentially streamlining governance and unlocking synergies within the portfolio. For minority shareholders, the offer presents a clear exit opportunity at a fixed price, though some may weigh whether the bid adequately reflects the company’s longer-term growth prospects.

Market participants will be watching closely to see the level of acceptance during the offer period, which will indicate shareholder sentiment toward the bid and TT Investments’ control ambitions. The absence of any planned price increase or conditionality suggests the bidder is confident in its valuation and prepared to move decisively.

Next Steps for Investors

Investors should expect further communications, including the Bidder’s Statement lodged with regulators and distributed to securityholders, which will provide additional details on the offer and its implications. Meanwhile, the market will be attentive to any shifts in the offer period or strategic announcements from TT Investments post-acquisition.