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Melcor gets Firm Capital, Telsec approval for REIT takeover bid

RENX Staff Commercial REITs Edmonton Mar. 6 2025

After publicly opposing Melcor Developments’ (MRD-T) bid to take Melcor REIT (MR-UN-T) private for the past several months, FC Private Equity Realty Mgmt. Corp. (Firm Capital) and Telsec Property Corp. have done an about-turn and agreed to support the move.

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