(Reuters) - The Toronto-based REIT also said GE Real Estate will buy an
18 percent equity interest in Dundee REIT, or C$165 million of
the outstanding units, following completion of the deal.
GE Real Estate plans to buy 32 million units at a purchase
price of C$47.50 per unit for a total return, including the GE
investment, of about C$1.7 billion, the REIT said. That
represents a 19 percent premium over the closing price of the
REIT's units on the Toronto Stock Exchange on June 1.
Read more at Reuters.com Mergers News
18 percent equity interest in Dundee REIT, or C$165 million of
the outstanding units, following completion of the deal.
GE Real Estate plans to buy 32 million units at a purchase
price of C$47.50 per unit for a total return, including the GE
investment, of about C$1.7 billion, the REIT said. That
represents a 19 percent premium over the closing price of the
REIT's units on the Toronto Stock Exchange on June 1.
Read more at Reuters.com Mergers News
No comments:
Post a Comment