Bloomberg claims SODIC, MNHD have reached “initial understanding” to combine their business.

M&A WATCH- Bloomberg was out on Thursday with a piece suggesting that SODIC and MNHD have “reached an initial understanding on a tie-up that would create one of the biggest private property developers in the country,” adding that, “we reached out to both companies and were told there’s nothing new. EFG Hermes is advising MNHD, while SODIC has yet to hire an advisor.