$ESR-REIT(J91U.SI)$and $CACHE LOGISTICS TRUST(K2LU.SI)$proposed a S$1.4 billion merger where ESR will acquire all of ARA Logos units in exchange for cash and new units.
Merged entity will be called ESR-Logos Reit and effected by a trust scheme arrangement. ARA Logos holders will get $0.095 in cash per share and1.6765 new ESR reit share issued at S$0.51 per share.
If merger is approved, the combined entity will have 87 properties in SG and Australia and 41 properties owned via investment funds in australia..
This should be interesting to watch.. Most of their properties are industrial properties which is resilient against market downturn..
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