(See also: Blackstone to pay $1.17 in cash per unit to acquire Croesus Retail Trust)
SINGAPORE (June 29): RHB is upgrading Croesus Retail Trust (CRT) to “take profit” from “neutral” following a proposed acquisition of all its issued units by Cyrus BidCo, a company incorporated in Singapore by funds advised by Blackstone Real Estate.
CRT was offered $1.17 per unit in cash as the book closure date, representing a significant premium to the prevailing and historical trading price of units prior to the last full trading day.
