The Board of Brixton announced on Monday that a London court has approved the share exchange scheme whereby the UK industrial real estate investment trust is to be taken over by its rival Segro.
The Board of Brixton announced on Monday that a London court has approved the share exchange scheme whereby the UK industrial real estate investment trust is to be taken over by its rival Segro.
The scheme and its implementation were approved by Brixton shareholders on 10 August 2009. Brixton said it expected that the scheme will become effective on Monday.
The listing of Brixton shares on the Official List and trading on the London Stock Exchange was suspended on Monday and will be cancelled from 25 August 2009.
The September edition of PropertyEU Magazine features an interview with, and profile of, Segro CEO Ian Coull. Click on the link below to subscribe to the magazine.
