MNACT unitholders appeased by all-cash option in proposed MCT merger
On top of all-cash option of S$1.1949 per unit, MCT to make preferential offering of S$2.0039 per unit to fund additional cash requirement
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Singapore
THE managers of Mapletree Commercial Trust (MCT) and Mapletree North Asia Commercial Trust (MNACT) are now offering MNACT unitholders the option to receive the entire scheme consideration of their proposed merger, of S$1.1949 per unit, wholly in cash.
MCT will also make a preferential offering of S$2.0039 per unit to fund the additional cash of up to S$2.2 billion required in the new cash-only option.
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