In a press release on Nov 20, the board of Sabana REIT’s manager reiterated that the proposed merger between ESR-REIT and Sabana REIT is the only offer that is currently on the table.With an extraordinary general meeting (EGM) due in two weeks’ time, it noted that the merger process has entered a critical stage. Some unitholders have already voted and others are about to do so. “This is no longer an open season where parties can issue unsubstantiated statements and proposals that are not workable. Words have consequences,” the Board warned.

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