UK Commercial Property REIT in talks with Picton on possible merger
Picton Property Income Ltd
63.60p
16:35 30/12/24
0.00%
0.00p
UK Commercial Property REIT on Wednesday said it was in talks with Picton Property Income Limited on a possible all-share merger.
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UK Commercial Property Reit Limited
72.90p
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UKCM said "there can be no certainty either that an offer will be made nor as to the terms of any such offer".
In a separate statement, Picton said under the terms of its proposal to UKCM, the combined company would be "internally managed".
Reporting by Frank Prenesti for Sharecast.com