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An announcement from Sabana Industrial REIT ( (SG:M1GU) ) is now available.
Mindarie Investment Pte. Ltd., through financial adviser United Overseas Bank, has launched a mandatory conditional cash offer for all issued and outstanding units of Alpha Integrated Real Estate Investment Trust that it and its concert parties do not already own, in compliance with Singapore’s takeover regulations. A formal offer document detailing the terms, conditions and acceptance procedures will be circulated electronically to unitholders within 14 to 21 days of the offer announcement, and the REIT’s board will appoint an independent financial adviser to guide its independent directors on how to evaluate the bid and advise unitholders, marking the start of a potential change of control process that could materially affect the trust’s ownership and strategic direction.
The most recent analyst rating on (SG:M1GU) stock is a Hold with a S$0.50 price target. To see the full list of analyst forecasts on Sabana Industrial REIT stock, see the SG:M1GU Stock Forecast page.
More about Sabana Industrial REIT
Alpha Integrated Real Estate Investment Trust is a Singapore-listed real estate investment trust focused on owning and managing income-producing real estate assets. It operates under the management of Alpha Integrated REIT Management Pte. Ltd. and invests primarily in properties to generate stable, recurring rental income for its unitholders.
Average Trading Volume: 494,179
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$523.2M
See more data about M1GU stock on TipRanks’ Stock Analysis page.