Business
AREIT, Inc Says Board Approved Property-For-Share Swap Deal With Ayala Land, Others
AREIT, Inc Says Board Approved Property-For-Share Swap Deal With Ayala Land, Others
About this update from Areit Inc.
AREIT PSE:AREIT: BOARD APPROVED PROPERTY-FOR-SHARE SWAP TRANSACTION WITH AYALA LAND, OTHERSAGGREGATE VALUE OF THE TWO PROPERTIES STANDS AT 19.5 BILLION PESOSUNDER DEAL, SUBSCRIPTION OF AYALA LAND, OTHERS TO 441.1 MILLION PRIMARY COMMON SHARES OF AREITPROPERTIES EXCHANGED FOR AREIT SHARES PRICED AT 44.15 PESOS PER SHARE