October 10, 2024 06:22 GMT
REAL ESTATE: Tritax Eurobox (EBOXLN: BBB*+): Brookfield Takeover
REAL ESTATE
- Potentially very Positive
- Bonds have CoC Put at Par
- Brookfield have reached terms to take over the company, usurping SEGRO's all-stock offer
- We need to see the financing terms but it is likely that EBOX will lose its IG rating and hence trigger CoC Put
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