In today’s briefing:
- One Year After Failed Merger, A Pyrrhic Victory for Sabana’s Unitholders?
One Year After Failed Merger, A Pyrrhic Victory for Sabana’s Unitholders?
- In December 2020, Sabana’s unitholders voted down a proposed merger with ESR-REIT
- While Sabana’s unitholders were ostensibly holding out for more favourable transaction terms, this was not forthcoming and transaction ultimately fell through
- In this Insight, we look into Sabana a year on and discuss whether its unitholders have been left to rue the failed transaction and this was but a pyrrhic victory
Before it’s here, it’s on Smartkarma
