Capital & Regional (GB:CAL) has released an update.
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Capital & Regional has announced a recommended cash and share offer by NewRiver REIT, which involves a Scheme of Arrangement under UK law. The indicative exchange rate for settling the cash component of the offer for shareholders on the South African register is set at 1 GBP to 22.9865 Rand. Final details and a timetable for the transaction will be released shortly.
For further insights into GB:CAL stock, check out TipRanks’ Stock Analysis page.