In today’s briefing:
- MNACT/MCT Circulars Out – Still Probably Heads I Win Tails I Win – But It’s Complicated
MNACT/MCT Circulars Out – Still Probably Heads I Win Tails I Win – But It’s Complicated
- The Mapletree North Asia Commercial Trust (MAGIC SP) Scheme Doc and Mapletree Commercial Trust (MCT SP) Circular are both out this morning.
- The IFA deems the deal FAIR and REASONABLE. This is not surprising. It was already going to be so with just the scrip, but with the cash bump it’s easier.
- But the situation is complicated. And the complications have complications. The trade is still to be long MCT, and long MCT vs MNACT is an interesting idea.
Before it’s here, it’s on Smartkarma
