The total consideration for the proposed merger is approximately $1.54 billion, comprising $138.1 million in cash and 1,128.1 million consideration units.
SINGAPORE (Dec 2): Frasers Logistics & Industrial Trust (FLT) and Frasers Commercial Trust (FCOT) are proposing to merge to create an enlarged REIT with a total portfolio worth a total of $5.7 billion, the respective managers announced on Monday.
The proposed merger will be by way of a trust scheme of arrangement, with FLT acquiring all units of FCOT in exchange for a combination of cash and new units in FLT.
