Activist trust Achilles Investment Company has withdrawn its meeting requisition at Urban Logistics REIT after a takeover offer from LondonMetric.
In a stock exchange notice today (15 April), Achilles said the requisitioning shareholders – consisting of Waverton Investment Management, TR Property investment trust, and Harwood Capital – have withdrawn their call for a general meeting with Urban Logistics following LondonMetric Property's revised bid for the logistics real estate investment trust. Urban Logistics' board stands by trust in the face of Achilles activism Last month, Achilles requisitioned an extraordinary general meeting at Urban Logistics REIT in a bid to oust three incumbent board members. However, according to...
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