You are here

Blackstone's S$900 million offer for Croesus seen as attractive

Private equity firm is offering S$1.17 per unit via a trust scheme, which is at a 38% premium to 12-month volume-weighted average price
Thursday, June 29, 2017 - 05:50

Image_1410902_75587.jpg

Singapore

UNITS of Japanese mall owner Croesus Retail Trust (CRT) soared past Blackstone's offer price to hit a record high after the US private equity firm made an offer for all the units in CRT.

The trust added 12 cents or 11.4 per cent to close at S$1.175, with 45.2 million

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom