From Nasdaq:

UK real estate investment trust Tritax Big Box has agreed to a possible all-share offer for rival UK Commercial Property REIT Ltd valued at 924 million pounds. Under the deal, UKCM owners will receive 0.444 new Tritax shares for each share they hold, resulting in a combined market capitalization of 3.9 billion pounds.

Tritax specializes in warehouses with customers including Amazon and Ocado, while UKCM invests in shopping centers, office buildings, and distribution centers. The deal, which has an estimated value of $1.17 billion, will significantly impact the UK real estate investment market. ($1 = 0.7915 pounds)



Read more: Britain’s Tritax Big Box agrees on possible $1.17 bln offer for rival UKCM