Anonymous ID: e06728 Jan. 19, 2024, 6:25 a.m. No.20266902   🗄️.is 🔗kun   >>7165 >>7327 >>7403

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