Quarz and Black Crane to reject Sabana and ESR merger

Uploaded By:  Nathanielle Punay Submitted By:  Nathanielle Punay Case Study:  No They questioned whether the merge was really in the best interest of shareholders. Fund managers Quarz Capital Management and Black Crane Capital have issued an open letter to the management and board of Sabana REIT, announcing intentions to vote against the proposed merger of Sabana REIT and ESR REIT. Both firms collectively own more than 10% of the units of Sabana REIT. read more