CCT: Merger with CMT is between two equals, not a takeover

📆 9/20/2020 8:39 PM
📰 BusinessTimes

⏱ Reading Time:
15 sec. here
2 min. at publisher
📊 Quality Score:
News: 9%
Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

CAPITALAND Commercial Trust (CCT) unitholders have had gripes about the terms of its proposed merger with CapitaLand Mall Trust (CMT), but the CEO of its manager Kevin Chee says that all these factors have to be looked at from the perspective this is 'a strategic merger of equals . . . not a case of one party buying out the other party like in a takeover'. Read more at The Business Times.

In an interview at Capital Tower, where the show gallery for its upcoming development CapitaSpring is located, Mr Chee notes that as the deal involves two sets of unitholders, it has to be fair to both sides.

CAPITALAND Commercial Trust unitholders have had gripes about the terms of its proposed merger with CapitaLand Mall Trust , but the CEO of its manager Kevin Chee says that all these factors have to be looked at from the perspective this is"a strategic merger of equals . . . not a...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UBS chairman revives mega-merger vision with deal wish list[LONDON] UBS Group chairman Axel Weber is reviving a decade-long push for a mega-merger to create a European banking behemoth that can compete with US rivals. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »