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Quarz Capital decries 'value destructive' offer for MNACT in proposed merger with MCT
"We urge MNACT's board and management to protect unitholders' interest and negotiate for a higher and fairer merger offer," Quarz said in a letter sent to MNACT on Wednesday (Feb 9) night. Quarz claims that it has been approached by "many MNACT unitholders" regarding MCT's "inferior offer" for MNACT.
