SINGAPORE (Aug 27): On Aug 7, ESR Real Estate Investment Trust issued a circular to unitholders to explain the merits of a merger with Viva Industrial Trust, by way of a scheme of arrangement. ESR will be paying 96 cents per VIT unit, of which 10% is in cash and 90% in new ESR-REIT units. At least 1,561.2 million new units will be issued at 54 cents apiece, taking the total cost to $936.75 million for ESR-REIT. 

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