Melcor Developments (TSE:MRD) has released an update.
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Melcor REIT and Melcor Developments have revised their arrangement agreement, boosting per-unit consideration by 11% to $5.50. The REIT has canceled its special unitholder meeting to initiate a 90-day ‘go-shop’ period, allowing for potential superior proposals without the Purchaser’s right to match.
For further insights into TSE:MRD stock, check out TipRanks’ Stock Analysis page.
