Brief: Newmark Property REIT Proposes To Merge Newmark Property REIT With BWP Trust

Newmark Property Reit

24/01/2024 24:55

Jan 24 (Reuters) - Newmark Property REIT  NPR.AX :
    * PROPOSAL TO MERGE NEWMARK PROPERTY REIT WITH BWP TRUST
    * HAS ENTERED INTO A BID IN RELATION TO A PROPOSED ALL-SCRIP
MERGER WITH BWP TRUST
    * CONSIDERATION UNDER PROPOSAL REPRESENTS AN IMPLIED VALUE
OF
A$1.39 PER NPR SECURITY
    * IBC UNANIMOUSLY RECOMMENDS THAT NPR SECURITYHOLDERS ACCEPT
BWP
TAKEOVER OFFER
    * UNDER PROPOSAL, NPR SECURITYHOLDERS WILL BE OFFERED 0.40
BWP
UNITS PER NPR SECURITY
    * UNDER PROPOSED MERGER, BWP WILL OFFER TO ACQUIRE 100% OF
NPR'S
SECURITIES VIA OFF- MARKET TAKEOVER OFFER

Source text for Eikon:  ID:nASX5wHjBM 
Further company coverage:  NPR.AX 

 ((Reuters.Briefs@thomsonreuters.com;))