From Nasdaq: 2025-04-14 11:17:00

Urban Logistics REIT has received a revised acquisition proposal from LondonMetric Property plc, offering 0.5612 new LondonMetric shares and 42.8 pence in cash per Urban Logistics share. This values each Urban Logistics share at 145.0 pence, a significant premium over recent trading prices. The offer totals approximately 674 million GBP and allows Urban Logistics shareholders to retain a pending dividend, with shareholders holding about 11.3 percent of the combined entity upon completion. Urban Logistics’ board finds the offer appealing and will engage in discussions and due diligence.

Key benefits of the proposed merger include a value uplift, earnings and dividend growth, and participation in a larger, diversified portfolio. The merger would also provide increased liquidity and improved access to financing. Urban Logistics has paused its management internalisation plan and is considering pausing a requisitioned general meeting. LondonMetric is currently trading at 186.35 pence, up 2.28 percent on the Cboe UK.



Read more at Nasdaq: Urban Logistics REIT Considers LondonMetric Acquisition Offer