P A G m a k e s u n s o l i c i t e d t a k e o v e r b i d f o r S p r i n g R E I T
Hong Kong–based private equity group PAG said on Wednesday a unit of the firm had launched a HK$5.24 billion ($671 million) unsolicited takeover bid for Spring Real Estate Investment Trust (REIT).
Once in control, the new manager would conduct a strategic review to consider all options, which could include asset disposals and/or termination of Spring REIT as well as acquisitions of assets, asset enhancement, changes in capital structure, refinancings or mergers.
