SINGAPORE: Singapore's Paragon REIT said on Tuesday it received a buyout offer from its major shareholder, Cuscaden Peak, and parties valuing the real estate firm at S$2.78 billion ($2.05 billion).
The offeror, which holds an indirect stake of 61.5% in Paragon REIT, proposed to buy the remaining shares of the REIT at S$0.98 per share.
