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BRIEF-Texton Property Fund says chosen to terminate exclusive discussions with a third party
November 27, 2017 / 7:28 AM / 16 days ago

BRIEF-Texton Property Fund says chosen to terminate exclusive discussions with a third party

Nov 27 (Reuters) - Texton Property Fund Ltd:

* ENTERED INTO EXCLUSIVE DISCUSSIONS WITH A THIRD PARTY ON NON-BINDING TERMS, RESULTING IN RECIPROCAL DUE DILIGENCE BEING PERFORMED​

* ‍EXCLUSIVITY WAS AGREED WITH COUNTERPARTY AS BOARD BELIEVED THIS TRANSACTION WAS BEST OPTION IDENTIFIED TO UNLOCK SHAREHOLDER VALUE​

* ‍DURING COURSE OF PROCESS, BOARD RESOLVED THAT IT WILL NO LONGER PURSUE THE OPTION​

* ‍TEXTON HAS CHOSEN TO TERMINATE THESE EXCLUSIVE DISCUSSIONS​ Source text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com)

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