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With Sabana Reit merger in question, will ESR move on to next target?

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AN observer to the tussle between ESR-Reit and activist unitholders at Sabana Reit has described the proposed merger between the two Reits as being 'in the intensive care unit'. Read more at The Business Times.

For the deal to go through, more than half of the individual unitholders present and voting at the EGM or scheme meeting must be in favour of the deal. On top of that, these unitholders must represent at least 75 per cent of Sabana Reit's ownership.AN observer to the tussle between ESR-Reit and activist unitholders at Sabana Reit has described the proposed merger between the two Reits as being"in the intensive care unit".

Getting the deal done would require the agreement of nearly all the minority unitholders of Sabana Reit, said...

 

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