AMP edges ever closer

Stephen Costley

AMP Property Portfolio edged even closer to a Capital Properties takeover yesterday when it pushed up its holding from 88.84 per cent to 89.43 per cent.

The $1.48 offer closed yesterday but AMP is still accepting returns postmarked up to tomorrow.

Portfolio general manager Stephen Costley mounted a campaign for the remaining stake, taking out half-page newspaper advertisements saying this was the last opportunity for Capital shareholders to accept the offer and no new offer would be made.