Melcor Developments (TSE:MRD) has released an update.
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Melcor Developments Ltd. has announced the expiration of the ‘go-shop’ period related to an arrangement agreement with Melcor REIT, without any superior proposal being received. The company plans to release a Management Information Circular soon to address unitholders’ questions and provide further details on the transaction. This development marks a significant step in Melcor’s strategic plans involving its real estate investment trust.
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