Finance

Custodian agrees £21.4m takeover of Drum

By 2021-09-06T07:55:00

David Hunter of Custodian REIT

Custodian REIT has agreed a £21.4m deal to take over rival Drum Income Plus following a month of talks.

The agreement between both boards represents a 7.8% premium to Drum’s closing share price of 52p at the end of trading on 3 August 2021, when the offer was formally made.

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