Abrdn Property Income Takeover Rumours (API)

14% of the API register were able to block the takeover. Nothing to stop a small minority preventing wind-down too. 22% voted for the merger. 64% didn't cast a vote. The 22% at a minimum preferred to remain invested.

Is anyone buying more API at the moment? Current Ask price on CREI is 68.4 p and values API at 53.4P if takeover goes through. If bid goes through then getting a further discount at the moment on API. If it falls through API will wind down and hopefully there will be a lot of upside.

Takeover Panel Determination:- https://uk.advfn.com/stock-market/london/custodian-property-incom-CREI/share-news/Takeover-Panel-Abrdn-Property-Income-Determination-of-Rule-2-6/93339153

On a general point, I wonder if these share based mergers and combinations at least protect investors from crystallizing losses, which would be the case if they were cash offers. Especially if they were cash offers from opportunistic buyers that are not listed, hunting around for bargains. A larger group at least makes for a less digestible takeover target and will remove potential acquirers that don’t have the financial muscle. I really hope that the depressed REIT’s don’t attract vulture cash buyers from overseas.