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HOCK LOCK SIEW

Striking a share swap ratio can be a delicate balancing act

IT IS tricky for an acquirer to come up with the "right" swap ratio for a merger with a target firm that would appease shareholders on both sides.

More so in a volatile market.

Viva Industrial Trust (VIT), being a target for merger with the Warburg Pincus-backed ESR-Reit, has seen

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