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ESR-Reit's buyout offer for Sabana Reit unit holders 'too low', draws criticism

Singapore

NOT everyone is pleased with ESR-Reit's offer to buy out unit holders of Sabana Reit, and one investor is arguing that the implied offer price - which represents a 26 per cent discount to Sabana Reit's book value - is too low.

Activist fund Quarz Capital Management told...

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