Brief: Melcor Developments Says To Acquire Melcor Real Estate Investment Trust For $4.95 Per Trust Unit
13/09/2024 01:58
Sept 12 (Reuters) - Melcor Developments Ltd MRD.TO :
* MELCOR DEVELOPMENTS LTD. TO ACQUIRE MELCOR REAL ESTATE
INVESTMENT TRUST FOR $4.95 PER TRUST UNIT
* MELCOR DEVELOPMENTS LTD - REIT'S BOARD OF TRUSTEES
UNANIMOUSLY
RECOMMENDS THAT UNITHOLDERS VOTE IN FAVOUR OF TRANSACTION
* MELCOR DEVELOPMENTS: WILL CAUSE REDEMPTION OF, AND WILL
PAY OUT
IN CASH, ALL $46.0 MILLION OF REIT'S 5.10% CONVERTIBLE UNSECURED
SUBORDINATED DEBENTURES
Source text for Eikon: ID:nGNX2nrDKt
Further company coverage: MRD.TO
((Reuters.Briefs@thomsonreuters.com;))
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