TSX:AAR.UN - Post Discussion
Post by
pjn0987654321 on May 23, 2018 5:20pm
Closing Tomorrow May 24th
Good luck everybody. See some of you on the other bullboards.
News From Pure Industrial Real Estate Trust (PIRET) Transmitted by Cision on May 23, 2018 14:27 | |
Pure Industrial Real Estate Provides Update on Anticipated Closing of Arrangement with Blackstone To Occur Tomorrow | | |
VANCOUVER, May 23, 2018 /CNW/ - Pure Industrial Real Estate Trust (TSX: AAR.UN) (the "Trust") announces today that it anticipates the closing of the previously-announced plan of arrangement, pursuant to which an affiliate of Blackstone Property Partners, the Core+ real estate investment unit of Blackstone, and Ivanho Cambridge, a subsidiary of CDPQ, would acquire all of the issued and outstanding trust units of the Trust (each, a "Unit") for $8.10 per Unit in cash (the "Transaction"), will occur tomorrow, May 24, 2018, subject to the continued satisfaction of all closing conditions at the time of closing. If the closing occurs, the Trust anticipates that the Units will cease trading on the Toronto Stock Exchange (the "TSX") at the close of trading tomorrow.
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