Land grabs in Canada starting in earnest.
Blackstone to take Tricon Residential private at value of $3.5 billion
Jan 19th, 07:59:31
(PiQSuite.Com) -Investment management company Blackstone has agreed to take Canadian real estate firm Tricon Residential private for $3.5 billion, the companies said on Friday.
Under the deal, Blackstone will acquire all outstanding shares of Tricon for $11.25 per share in cash, representing a 30.35% premium to its last close.
The transaction is expected to close in the second quarter of this year.
https://PiQSuite.com/reuters/blackstone-to-take-tricon-residential-private-at-value-of-35-billion