Yesterday (27 March), shareholders of API voted in opposition to a proposed merger of the 2 property centered portfolios, regardless of assist from each boards for the deal.
Votes on the annual common assembly and courtroom assembly for API did not clear the 75% threshold wanted to approve the decision, triggering a managed wind-down of API, which the board had beforehand acknowledged can be the subsequent step if the merger was not permitted.
abrdn Property Revenue to enter managed wind-down after Custodian merger vote fails
General, 98% of CREI’s shareholders had voted in favour of the deal and chair D…
