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Custodian Property Income seeks backing in takeover battle for abrdn Property Income
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In a stock exchange notice today (4 March), CREI laid out what it said are the «key factors» abrdn Property Income shareholders should consider when assessing the credibility of Urban Logistics' indicative offer and API's future. According to the trust, its bid provides «a superior offer» and a premium to the Urban Logistics indicative offer on both an undisturbed (+5%) and current share price (+6%) valuation. The trust also argued that CREI and API have complementary portfolios and the merger would not require shareholders in either fund to undertake a shift in investment strategy or...
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