The deal would see FCOT unitholders receive $1.68 for each FCOT unit held at the REIT’s books closure date. This constitutes 15.1 cents per unit in cash and 1.233 new FLT units at an issue price of $1.240 per unit, representing a gross exchange ratio of 1.355 times.
SINGAPORE (Mar 11): The unitholders of both Frasers Logistics Trust (FLT) and Frasers Commercial Trust (FCOT) have approved the proposed merger of the two entities for a price tag of $1.54 billion.
The total consideration for the proposed merger comprises $138.1 million in cash and some 1,128.1 million consideration units.
