ARA to raise stake in LOGOS to 86% as ESR Cayman, ARA merger takes next step

Since ESR Cayman has the irrevocable undertakings of its major shareholders for the merger with ARA Asset Management in a largely share transaction, the shape of the enlarged entity is starting to take shape, with an EGM set for Nov 3, at 10am.

The transaction amount remains the much on same terms as indicated in the Aug 4 announcement.