Bullboard - Stock Discussion Forum Melcor Developments Ltd T.MRD

Alternate Symbol(s): MODVF

Melcor Developments Ltd. is a diversified real estate development and asset management company The Company develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses. The Company operates in four segments: Land, Properties, REIT, and Golf. The Land segment is responsible for purchasing and developing land... see more

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Melcor Developments Ltd > New Press Release - Melcor Developments Ltd. Acknowledges the Expiration of the Melcor REIT "Go-Shop" Period

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Post by PressRelease on Oct 18, 2024 4:01am

New Press Release - Melcor Developments Ltd. Acknowledges the Expiration of the Melcor REIT "Go-Shop" Period

EDMONTON, Alberta, Oct. 18, 2024 (GLOBE NEWSWIRE) -- Melcor Developments Ltd. ("Melcor") (TSX: MRD) acknowledges the expiration of the 30-day “go-shop” period which was provided for in the previously announced arrangement agreement dated September 12, 2024 (“Arrangement Agreement”) between Melcor...read article.

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Comment by longrun86 on Oct 18, 2024 12:27pm

I'm pleased with this communication. They are finally being proactive. I have wondered if a Bank of Canada interest rate cut would alter the deal. A 25 bp cut maybe not so much... a 50bp cut could?

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Melcor Developments Ltd