ESR-REIT and ARA LOGOS to form ESR-LOGOS REIT in a $1bn deal.

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.