Bullboard - Stock Discussion Forum Pure Multi-Family REIT LP PMULF

Real Estate REIT - Diversified

"Pure Multi-Family REIT LP is a Canada-based real estate investment trust. It invests in multi-family real estate properties focused on luxury resort-style apartment communities in the United States, which offers investors exclusive exposure to U.S. multi-family real estate assets. Its portfolios are in Dallas, Texas, Arizona, Houston, Georgia, San Antonio, Phoenix, and Nevada. Its portfolio... see more

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OTCQX:PMULF - Post Discussion

Pure Multi-Family REIT LP > Takeover offer at $9.79

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Post by pierrelebel on Apr 03, 2018 9:11am

Takeover offer at $9.79

link to offer

Electra America (“Electra”), the owner and operator of multifamily properties in the U.S., announced that is has today extended its offer, previously submitted to the Board of Pure Multi-Family REIT LP (TSXV:RUF.U) (TSXV:RUF.UN) (“Pure”) on March 26, 2018, to acquire 100% of the outstanding Class A Units (“Units”) of Pure for an all-cash price per Unit of US $7.59 (equivalent to CDN $9.79 based on today’s exchange rate) which represented a 24% premium to the Units’ last closing volume-weighted-average trading price (“VWAP”) on the TSX Venture Exchange (“TSXV”) at the time. Electra previously offered to acquire all of the outstanding Units of Pure for an all-cash price on December 12, 2017. Electra’s current offer represents an increased price from its prior offer on December 12, 2017.

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