BRIEF-Real Estate Corp announces takeover offer from Little Group

Feb 10 (Reuters) - Real Estate Corp Ltd RNC.AX :

* Recommended cash takeover offer of $0.37 per share

* Says entered into a bid implementation agreement with Little Group (LG)

* Says board has unanimously decided to recommend offer

* Says RNC board has carefully assessed the proposed offer and has unanimously decided to recommend that, in the absence of a superior proposal, RNC shareholders accept the offer

* Says offer will be made by Namarong Investments Pty Ltd as trustee for the Hansen Investment Trust

* Says deal values RNC at an enterprise value of A$60.7 million

* Implementation agreement contains 'no shop' and `no talk' restrictions

* Source text for Eikon News Search ID:nASX7DqP7h

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