News: NPR Newmark Property REIT Proposes To Merge Newmark Property REIT With BWP Trust

Jan 24 (Reuters) - Newmark Property REIT (NPR) :

• PROPOSAL TO MERGE NEWMARK PROPERTY REIT WITH BWP TRUST
• HAS ENTERED INTO A BID IN RELATION TO A PROPOSED ALL-SCRIP MERGER WITH BWP TRUST
• CONSIDERATION UNDER PROPOSAL REPRESENTS AN IMPLIED VALUE OF A$1.39 PER NPR SECURITY
• IBC UNANIMOUSLY RECOMMENDS THAT NPR SECURITYHOLDERS ACCEPT BWP TAKEOVER OFFER
• UNDER PROPOSAL, NPR SECURITYHOLDERS WILL BE OFFERED 0.40 BWP UNITS PER NPR SECURITY
• UNDER PROPOSED MERGER, BWP WILL OFFER TO ACQUIRE 100% OF NPR'S SECURITIES VIA OFF- MARKET TAKEOVER OFFER