Equity Analysis /

SG : Mapletree Commercial Trust - Sweeter deal for MAGIC

    Munyee Lock
    Munyee Lock

    Head of Regional Property

    25 March 2022
    Published byCGS-CIMB

    MCT sweetened the deal by offering all cash option to MAGIC’s unitholders. DPU and NAV accretion remains intact. Sponsor fully backs all-cash offer. The all-cash deal is DPU/NAV accretive to MCT and fairly values MAGIC.