The deadline for Tritax Big Box to announce its “firm” intention to make a formal offer for the takeover of UK Commercial Property REIT (UKCM) has been extended.
Tritax Big Box was previously required to announce its decision by 5pm on 8 March as the agreement was initially announced on 9 February. This has now been changed to 5pm on 22 March, UKCM said in a stock exchange filing today (11 March). The extension was issued at UK Commercial Property's request, as "reciprocal confirmatory due diligence by both parties is progressing". The directors said there can be no certainty that any offer will be made, with further details to follow. Tritax Big Box agrees takeover of UK Commercial Property to create £4bn REIT Last month, the trusts announ...
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