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Shareholders in Abrdn believe that warmer underlying conditions means an alternative deal offers better value than a merger with Custodian
In a year in which the consolidation trend within the UK real estate investment trust (Reit) and listed property company sector has been dominant, it was interesting to see a shareholder challenge to what many in the industry assumed was a done deal in a market starved of liquidity.
This failed transaction is now driving a reassessment of company valuations in the sector, with some shareholders questioning how pricing in these M&A transactions has been …