REIT merger

UOB Kay Hian analyst Jonathan Koh called the preferential offering a "mere formality".

Units in ESR-REIT and ALOG closed at 43 cents and 83 cents respectively on Feb 8.

The brokerage has also kept ‘buy’ on ESR-REIT after the revised offer.

Through the merger, MNACT unitholders will receive a scheme consideration of $1.1949 per unit.

SINGAPORE (April 10): DBS Vickers Securities is highlighting myriad benefits to the proposed merger of OUE Hospitality Trust (OUE HT) and OUE Commercial Trust (OUE CT), but also cautions of “potential impediments” post the merger.