March 27, 2019 / 8:33 AM / 8 months ago

BUZZ-RDI Reit: Best day in over 9 years on Cromwell takeover approach

** Shares of RDI Reit up 20.1 pct at 155p, best single-day pct gain since Sept. 2009

** Australia-based global real estate investment manager Cromwell Property Group confirmed on Wednesday it has approached London-listed RDI Reit about a possible takeover offer

** Cromwell said discussions were ongoing

** RDI shares have fallen 19.3 pct in the last 12 months, rises 8 pct so far this year (Reporting By Justin George Varghese in Bengaluru)

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