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Announced

Office Properties Income Trust terminated the $407m merger with Diversified Healthcare Trust.

Financials

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Transaction Value£328m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium20%
One Off Charge-

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Public

real estate investment trust

Commercial REITs

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United States

Domestic

Single Bidder

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Merger

Failed

Synopsis

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Office Properties Income Trust, a REIT focused on owning, operating and leasing buildings, terminated the $407m merger with Diversified Healthcare Trust, a real estate investment trust. The mutual termination was approved by the respective Special Committees and Boards of Trustees of OPI and DHC. The parties have agreed that each company will bear its costs and expenses in connection with the terminated transaction pursuant to the terms of the merger agreement, and that neither party will pay any termination fee as a result of the mutual decision to terminate the merger agreement.

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