Announced
Financials
Tags
Merger
Real Estate Services
Friendly
Cross Border
Singapore
Acquisition
Pending
Majority
Scheme
Single Bidder
real estate investment
Public
Synopsis
ESR-REIT, a Singapore-based real estate investment trust, and ARA LOGOS, a real estate investment trust, agreed to form ESR-LOGOS REIT in a $1bn deal. ARA Logos unitholders will receive a scheme consideration of $0.72 per ARA Logos unit - comprising $0.072 in cash and 1.7729 new ESR-Reit units, to be issued at $0.365 apiece. On March 21, 2022, ESR-REIT and ALOG unitholders approve proposed merger to form ESR-LOGOS REIT.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.