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Custodian Property Income REIT reaffirms commitment to abrdn bid following rival offer
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In a regulatory filing, while the CREI board acknowledged API's «requirement to assess the potential options», chair David MacLellan argued the «rational conclusion» would be to continue with the all-share merger agreed in January. «This will benefit both sets of shareholders by creating a well-positioned REIT of enhanced scale, with the opportunity to participate in the returns from the two complementary portfolios, with a fully covered and sustainable dividend,» he wrote. Urban Logistics REIT makes takeover bid for abrdn Property Income Regarding the CREI/API merger, the board ar...
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