Give FCOT shareholders fair shake in merger plan

THANKS to Ben Paul for hitting the nail on the head with his piece "FLT-FCOT merger: Will market ethos trump fairness?" (BT, Feb 24).

I am a shareholder of Frasers Commercial Trust (FCOT), and I have spoken out against its proposed merger with Frasers Logistics & Industrial Trust (FLT) at the AGMs of both FCOT and Frasers Property Ltd.

The unfairness of the merger is clearly illustrated by the very different treatment that shareholders of FCOT and FP are effectively getting with respect to their stakes in Farnborough Business Park (FBP). FCOT and FP each currently own 50 per cent of FBP, and FCOT has the right of first refusal to FP's stake in the property.