Abrdn Property Income: Custodian bid voted down by shareholders Investment trusts Custodian Property Income REIT’s bid to take over Abrdn Property Income has failed, after not enough shareholders voted for the merger. In a general meeting yesterday, Abrdn shareholders voted 60.8 per cent in favour of the deal, less than the required 75 per cent threshold. Custodian’s offer would have seen Abrdn shareholders receive 0.78 Custodian [...]
Who will win the Abrdn property trust bidding war? Investment trusts The bidding war over the Abrdn Property Income Trust has reached new heights between Custodian Property Income REIT and Urban Logistics REIT.