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The latest update is out from Impact Healthcare REIT ( (GB:CRT) ).
Care REIT PLC has announced the approval of a recommended all-cash acquisition by CR United Bidco Ltd, a subsidiary of CareTrust REIT, Inc. The acquisition will be executed through a Court-sanctioned scheme of arrangement, with all necessary resolutions approved by shareholders at recent meetings. This acquisition marks a significant step in CareTrust’s expansion strategy, potentially enhancing its market presence and operational capabilities. The scheme is expected to become effective by May 9, 2025, subject to court sanction and other conditions, with CRT plc shares to be delisted from the London Stock Exchange shortly thereafter.
More about Impact Healthcare REIT
YTD Price Performance: 34.61%
Average Trading Volume: 6,243,381
Technical Sentiment Signal: Sell
Current Market Cap: £444.2M
Learn more about CRT stock on TipRanks’ Stock Analysis page.