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FCOT should wait until DPU reflects AEI benefits before merging with FLT

THE article "Reit mergers: Is NAV a useful guidepost of value?" by Ben Paul (BT, March 2) raises points that are thought-provoking but ultimately moot.

The only practical way to value a Reit in a merger deal is to consider the market price of its units. But that does not mean that any...

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