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CIMB: Mapletree Commercial Trust – ADD TP $2.18

Sweeter deal for MAGIC

? MCT sweetened the deal by offering all cash option to MAGIC’s unitholders.
? DPU and NAV accretion remains intact. Sponsor fully backs all-cash offer.
? The all-cash deal is DPU/NAV accretive to MCT and fairly values MAGIC.

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