In today’s briefing:
- MCT SP + MAGIC SP = MPACT SP: Proposed Merger Details & BIG Index Impact
MCT SP + MAGIC SP = MPACT SP: Proposed Merger Details & BIG Index Impact
- Mapletree Commercial Trust (MCT SP) is looking to merge with Mapletree North Asia Commercial Trust (MAGIC SP) to create one of the top 10 Commercial REITs in Asia.
- MAGIC SP unitholders will receive a scheme consideration of S$1.1949/unit of MAGIC SP, and will have a scrip-only option and a cash and scrip option.
- The increase in index shares for Mapletree Commercial Trust (MCT SP) will result in large buying from passive FTSE EPRA Nareit Developed Asia, Straits Times Index and MSCI Singapore trackers.
Before it’s here, it’s on Smartkarma
