Updated Theoretical Pegged Price for ALOG + ESR-REIT Merger

Yesterday, ESR-REIT has revised the merger proposal to higher cash consideration and higher consideration units to ALOG unitholders. Therefore, today's post would be a short one on the updated theoretical pegged price for ALOG + ESR-REIT merger.

Image by Gerd Altmann from Pixabay

Below is the revised proposal vs the original proposal:

Overall, the new proposal represents a 5.3% increase as compared to the original proposal. Based on the above, below is the updated theoretical pegged price table:

Due to the revision, the EGM has been deferred to March, the firm date to be announced later. At the point of writing, the share prices are S$ 0.47 for ESR-REIT and S$ 0.895 for ALOG. It is interesting to see how will the market react in the coming weeks. For those who are interested in MCT + MNACT merger pegged price, you could refer to my previous post.

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SREITs Dashboard - Detailed information on individual Singapore REIT

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REIT Analysis - List of previous REIT analysis posts

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*Disclaimer: Materials in this blog are based on my research and opinion which I don't guarantee accuracy, completeness, and reliability. It should not be taken as financial advice or a statement of fact. I shall not be held liable for errors, omissions and loss or damage as a result of the use of the material in this blog. Under no circumstances does the information presented on this blog represent a buy, sell, or hold recommendation on any security, please always do your own due diligence before any decision is made.