merger?
$ESR-LOGOS REIT (J91U.SG)$im new to this but with the news of the merger what is gona happen to this one ?
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Curious learner just like everyone else here. Training to be a Moo knight
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101801951 :
101801951 : THE managers of ESR-Reit ESR-REIT: J91U 0% and ARA Logos Logistics Trust (ARA Logos) ARA LOGOS Log Tr: K2LU 0% have proposed a S$1.4 billion merger, where ESR-Reit will acquire all of ARA Logos' units in exchange for a combination of cash and new units.
The proposed merger, which will result in the merged entity being named ESR-Logos Reit, will be effected by way of a trust scheme of arrangement. ARA Logos unitholders will receive a scheme consideration of S$0.95 per ARA Logos unit - comprising S$0.095 in cash and 1.6765 new ESR-Reit units, to be issued at S$0.51 apiece.
For illustrative purposes, this means an ARA Logos unitholder will receive S$95 in cash and 1,676 units for every 1,000 ARA Logos units held by the books closure date, to be announced.
JJ Hou : Maybe a gd news to esr current sharehders n not so much for logos…. Cos esr stk price is not yet 51cents but 46.5c only
wittleMoo OP : I agree, there’s barely change in ARA share holder life - maybe less dividend (we shall see?) but I think good for ARA logos ceo now got new post in ESR … btw is it finalised or still open to shareholders vote?