Quarz Capital Management opposes terms of $3b SG REIT merger

Quarz Capital Management opposes terms of $3b SG REIT merger

Photo by Kit Suman on Unsplash

Activist investor Quarz Capital Management said it is opposed to the terms of a proposed S$4.2 billion ($3.1 billion) merger of two Temasek-linked Singapore real estate investment trusts, saying the target firm was significantly undervalued.

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