Last year, ESR-REIT acquired Viva Industrial Trust, paying 96 cents to VIT security holders, of which 10% was in cash and 90% was with ESR-REIT units issued at 54 cents each.
SINGAPORE (Dec 2): On Nov 28, Frasers Logistics and Industrial Trust and Frasers Commercial Trust announced trading halts before the market opened, prompting market watchers to go into overdrive on what form a merger could take.
The real estate investment trust sector has been a hive of activity this year. The merger of CapitaLand and Ascendas-Singbridge, announced in January, set off a slew of mergers and potential mergers. In April, OUE Commercial REIT announced a merger with OUE Hospitality Trust, paying OUE Hospitality Trust security holders $40.75 in cash and 1,358 OUE Commercial REIT units for 1,000 OUE Hospitality Trust securities.
