THE independent directors of Macquarie ProLogis Management have unanimously recommended the takeover proposal from ProLogis.
ProLogis is offering Macquarie ProLogis shareholders $1.43 per unit.
Yesterday, the independent directors recommended the proposal in the absence of a superior offer.
MPML has now received a report from Grant Samuel & Associates Pty Limited, the appointed independent expert, which concludes that the Proposal is fair and reasonable to, and in the best interests of, MPR unitholders.
A MPR unitholders’ meeting has been scheduled for Wednesday June 27, 2007 to seek approval for the proposal.
Australian Property Journal
