Under a scheme of arrangement, ART will acquire all AHT stapled units for $1.24 billion or $1.0868 per unit, based on ART's share price of $1.30.
SINGAPORE (July 4): CapitaLand has wasted no time in merging Ascott Residence Trust (ART) with Ascendas Hospitality Trust (AHT) following the completion of the acquisition of Ascendas-Singbridge last week.
Ascott Residence Trust and Ascendas Hospitality Trust combining to form $7.6 bil behemoth
