Abrdn Property Income Trust
-
Abrdn Property Income completes portfolio sale
Company will now be put into voluntary liquidation
-
Abrdn sells Dover border control post
Deal is the first since a wind-down of the fund was approved
-
API posts negative return ahead of wind-down vote
Company’s planned merger with Custodian fell apart in March
-
API to wind down as Custodian merger falls through
The board failed to gain enough votes in favour of the takeover at today’s vote
-
API board urges shareholders to vote for Custodian merger
Takeover gains circa 98% majority vote from Custodian shareholders
-
Urban Logistics pitches alternative Abrdn takeover
New proposal would see Urban Logistics return cash to API shareholders through disposals
-
API board rejects Urban Logistics merger bid
Board recommends Custodian’s proposed takeover
-
Custodian alters management deal in fight for Abrdn merger
New terms agreed with investment manager Custodian Capital
-
Custodian urges API shareholders to back merger
REIT believes target will be wound down if deal is pulled
-
Custodian stands by API merger as investors back away
With meetings delayed, Abrdn’s original suitor is trying to keep recommended deal on track
-
API pushes back Custodian merger meetings
Target delays meetings after rival bidder emerges
-
Urban Logistics tables rival bid for Abrdn Property Income Trust
REIT calls for shareholder vote on Custodian merger to be postponed