hydros
2021-10-17

$CACHE LOGISTICS TRUST(K2LU.SI)$

ESR-Reit, ARA Logos propose S$1.4b merger

1. THE managers of ESR-Reit ESR-REIT: J91U 0% and ARA Logos Logistics Trust (ARA Logos) ARA LOGOS Log Tr: K2LU 0% have proposed a S$1.4 billion merger, where ESR-Reit will acquire all of ARA Logos' units in exchange for a combination of cash and new units.

2. The proposed merger, which will result in the merged entity being named ESR-Logos Reit, will be effected by way of a trust scheme of arrangement. ARA Logos unitholders will receive a scheme consideration of S$0.95 per ARA Logos unit - comprising S$0.095 in cash and 1.6765 new ESR-Reit units, to be issued at S$0.51 apiece.

3. For illustrative purposes, this means an ARA Logos unitholder will receive S$95 in cash and 1,676 units for every 1,000 ARA Logos units held by the books closure date, to be announced. This implies a gross exchange ratio of 1.863 times.

免责声明：上述内容仅代表发帖人个人观点，不构成本平台的任何投资建议。

精彩评论

  • HKpoh
    2021-10-17
    HKpoh
    比起闭市价0.935 持股人的股票会多出来多少钱呢？？
    • HKpoh: 
      Thanks!
    • hydros: 
      we will get ESR reit at 51c. current market price is only around 48c. basically ESR is inflating price in exchange for ARA logos reit. not a good transaction.
  • khorsoo
    2021-10-18
    khorsoo
    it is a bid doesnt mean ARAs has accepted yes?
    • hydros: 

      the merger will need (1) 75% of ARA shareholders by shareholdings  and (2) 50% individual shareholders by headcount to say yes. the big boys will likely say yes. left to us small holders to say no.
  • khorsoo
    2021-10-18
    khorsoo
    do u get 0.95 for every share you have now and on top of that get esr-logos reit shares in exchange priced at 0.51? i bought my ARAS Logos at 0.76 cents, so what should i do?
  • hydros
    2021-10-18
    hydros
    both reits got dragged down by this merger. looks like market doesn't like the idea.
  • hydros
    2021-10-17
    hydros
    ESR-REIT bid for ARA LOGOS Logistics Trust comes up short: Analysts
    https://wp.me/p9Ey53-4RX
  • HKpoh
    2021-10-17
    HKpoh
    请前辈指点！
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