Announced
Financials
Tags
Cross Border
Single Bidder
Majority
Commercial REITs
real estate investment trust
United Kingdom
Private Equity
Pending
Acquisition
Friendly
Public
Synopsis
Starwood Capital Group, a private equity firm, offered to acquire a 70.41% stake in RDI REIT, a property investment business, for $460m. "We are pleased to announce this Acquisition, which we believe represents an attractive opportunity for investors to realise liquidity and a significant premium to the three month volume weighted average price of 87.2 pence per RDI REIT Share. We look forward to supporting RDI REIT and its management team going forward," Krysto Nikolic, Starwood Managing Director.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.