MCME Carell to acquire City Office REIT in a $1.1bn deal.

MCME Carell, a special-purpose acquisition vehicle affiliated with Elliott Investment Management and and Morning Calm Management, agreed to acquire City Office REIT, a real estate company, in a $1.1bn deal. "After conducting an extensive process to explore potential strategic alternatives, we are pleased to have reached an agreement with MCME Carell. In light of a challenging environment for the office sector, this Transaction delivers immediate and significant value to our shareholders," James Farrar, City Office CEO.