Sept 12 (Reuters) - Melcor Developments Ltd ( MODVF ):

* MELCOR DEVELOPMENTS LTD. ( MODVF ) TO ACQUIRE MELCOR REAL ESTATE

INVESTMENT TRUST FOR $4.95 PER TRUST UNIT

* MELCOR DEVELOPMENTS LTD ( MODVF ) - REIT'S BOARD OF TRUSTEES

UNANIMOUSLY

RECOMMENDS THAT UNITHOLDERS VOTE IN FAVOUR OF TRANSACTION

* MELCOR DEVELOPMENTS ( MODVF ): WILL CAUSE REDEMPTION OF, AND WILL

PAY OUT

IN CASH, ALL $46.0 MILLION OF REIT'S 5.10% CONVERTIBLE UNSECURED

SUBORDINATED DEBENTURES

Source text for Eikon:

Further company coverage: