In today’s briefing:
- ARA Logos (ALLT SP): ESR Bumps. Scheme Meeting Delayed
ARA Logos (ALLT SP): ESR Bumps. Scheme Meeting Delayed
- With a little under a week to the Scheme Meeting, ESR-REIT (EREIT SP) revised terms to S$0.097 cash plus 1.7729 new EREIT Units for each ARA LOGOS (ALLT SP) unit.
- The revised terms provide an indicative Offer price of S$0.933, a 5.3% increase over the original Scheme consideration.
- The Scheme Meeting for ARA Logos – and ESR’s EGM – have been deferred. No definite timetable was provided for its rescheduling although late February is probably a reasonable estimate.
Before it’s here, it’s on Smartkarma
