TSX:ERE.UN - Post by User
Post by
junglejameson Jun 16, 2023 9:31am
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Post# 35499870
Management gives up - ERE up for "strategic" review
Management gives up - ERE up for "strategic" review EUROPEAN RESIDENTIAL REAL ESTATE INVESTMENT TRUST ANNOUNCES STRATEGIC REVIEW
European Residential Real Estate Investment Trust is working with CBRE, as financial and real estate adviser, to advise it in connection with a strategic review of the REIT.
The trust has not established a definitive timeline to complete the strategic review or any transaction, and no decisions have been reached at this time. There can be no assurance that the engagement of CBRE or the strategic review will result in any transaction or initiative or, if a transaction or initiative is undertaken, as to the terms or timing of such a transaction or initiative. The trust does not currently intend to disclose further developments in connection with or arising from the engagement of CBRE, the strategic review or in connection with any transaction, initiative or related matter, unless and until it is determined that disclosure is necessary or appropriate.