FRASER PROPERTY TO PRIVATISE FHT reit in $1.37 billion deal
SINGAPORE - Thai billionaire Charoen Sirivadhanabhakdi’s Frasers Property is making a second attempt to take private its hospitality real estate investment trust at a valuation of $1.37 billion.
The company on May 14 announced an offer of 71 cents in cash per stapled security for Frasers Hospitality Trust (FHT).
This represents a 7 per cent premium to FHT’s last traded price of 66.5 cents before the counter announced a trading halt on May 13. It is also a 36.3 per cent premium to the FHT’s volume weighted average price for the 12-month period up to the last trading date.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- SPOT_ON·05-16Great article, would you like to share it?LikeReport