Starwood in talks on raising initial bid for Milestone, say sources
Move follows advisory firm's recommendation to vote against offer
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
New York
MILESTONE Apartments Real Estate Investment Trust, which has agreed to be acquired by Starwood Capital Group for about C$1.7 billion (S$1.8 billion), is in talks with the US private investment firm about raising its bid, people familiar with the situation told Reuters.
The move comes days after proxy advisory firm Institutional Shareholder Services (ISS) recommended that Milestone unitholders vote against the transaction.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?
