Meanwhile, FCOT's IFA, Evercore, said in a scheme document that it found the scheme consideration"fair and reasonable" from a financial point of view.
For each FCOT unit they hold, FCOT unitholders will receive S$0.151 in cash and 1.233 new FLT units at an issue price of S$1.24 apiece. This means FCOT unitholders will be paid a scheme consideration of S$1.68 for each FCOT unit held, which implies a gross exchange ratio of 1.355 times.