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Liberum raises takeover risk for Custodian Property Income REIT following failed abrdn merger
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investmentweek.co.ukYesterday (27 March), shareholders of API voted against a proposed merger of the two property focused portfolios, despite support from both boards for the deal. Votes at the annual general meeting and court meeting for API failed to clear the 75% threshold needed to approve the resolution, triggering a controlled wind-down of API, which the board had previously stated would be the next step if the merger was not approved. abrdn Property Income to enter managed wind-down after Custodian merger vote fails Overall, 98% of CREI's shareholders had voted in favour of the deal and chair D...
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