Abrdn trust to strike £350m deal with Travelodge owner Investing Abrdn Property Income fund is in “advanced discussions” to sell almost all of its portfolio to fund managed by Travelodge owner, Goldentree Asset Management. The £227m investment trust saw a bid from Custodian Property Income REIT voted down earlier this year, leaving the trust to begin winding down. Only 60.8 per cent of Abrdn shareholders [...]
Abrdn Property Income: Custodian bid voted down by shareholders Investment trusts Custodian Property Income REIT’s bid to take over Abrdn Property Income has failed, after not enough shareholders voted for the merger. In a general meeting yesterday, Abrdn shareholders voted 60.8 per cent in favour of the deal, less than the required 75 per cent threshold. Custodian’s offer would have seen Abrdn shareholders receive 0.78 Custodian [...]
Abrdn Property Income chair blasts ‘misleading’ comments in bidding war Investment trusts Urban Logistics REIT has backed down from its bidding war over Abrdn Property Income trust after failing to make a formal offer for the real estate investment trust. Less than an hour before the 5pm deadline yesterday set out by the UK takeover code, the trust announced that it would not be proceeding with an [...]
Who will win the Abrdn property trust bidding war? March 14, 2024 The bidding war over the Abrdn Property Income Trust has reached new heights between Custodian Property Income REIT and Urban Logistics REIT.
