Arrowhead starts merger negotiation process with Fairvest

15th June 2021

By: Marleny Arnoldi

Deputy Editor Online

     

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JSE-listed Arrowhead Properties has advised that it has started engaging in merger discussions with fellow-listed Fairvest Property.

This follows after an independent board assessing the potential merits of such a transaction with Fairvest, having determined that it is in the best interest of Arrowhead to become a larger and more liquid real estate investment trust.

Arrowhead has already received indications of support from its B shareholders for the transaction.

The independent board believes value will be unlocked through a merger, rather than a transaction that would result in Arrowhead becoming a listed subsidiary of Fairvest, where neither company would fully enjoy the benefits of increased size or liquidity.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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