UPDATED WITH FC, TELSEC REPLY: Melcor Developments (MRD-T) has increased its offering for Melcor REIT (MR.UN-T) shares 11 per cent, to $5.50 per unit, as it continues efforts to take the trust private despite criticism from minority shareholders.
UPDATED: Armco Capital has announced its third acquisition of a major downtown Calgary office property, adding the 540,000-sq.-ft., class-A First Canadian Centre to its rapidly expanding portfolio in the city.
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