Stenhus Fastigheter to acquire Randviken for $282m.

Stenhus Fastigheter, a Sweden-based real estate company, offered to acquire Randviken, a real estate company, for $282m. The merger results in the creation of a larger company with a stronger credit profile, which is deemed to provide opportunities for more favorable financing terms and wider financing opportunities. Creating a larger and more diversified property portfolio with a strong cash flow is in line with both Stenhus Fastigheter's and Randviken's operational growth goals.