JJ HouOP :
ISS (an advisory proxy) says unitholders should vote against the trust deed amendment and the merger. Although the business rationale for the merger is reasonable, most of the benefits accrue to ESR-REIT, ISS reasons. ESR-REIT’s offer does not provide a compelling valuation for ALOG’s unitholders. A robust sale process may offer a better price, ISS suggests. Hence, unitholders should vote against the merger because of a lack of a robust sale process (even though this is all along never a sell-out) https://www.theedgesingapore.com/capital/reits/alogs-lee-reiterates-benefits-proxy-advisers-question-terms-merger
JJ HouOP : ISS (an advisory proxy) says unitholders should vote against the trust deed amendment and the merger. Although the business rationale for the merger is reasonable, most of the benefits accrue to ESR-REIT, ISS reasons. ESR-REIT’s offer does not provide a compelling valuation for ALOG’s unitholders. A robust sale process may offer a better price, ISS suggests. Hence, unitholders should vote against the merger because of a lack of a robust sale process (even though this is all along never a sell-out)
https://www.theedgesingapore.com/capital/reits/alogs-lee-reiterates-benefits-proxy-advisers-question-terms-merger
$ESR-LOGOS REIT (J91U.SG)$ is selfish!!!!