Tricon Residential Inc. (TSE:TCN) has released an update.
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Tricon Residential Inc. has received endorsements from proxy advisory firms ISS and Glass Lewis for shareholders to approve a buyout arrangement with Blackstone Real Estate, valued at US$11.25 per common share. Shareholders are urged to cast their votes ahead of the impending March 26 deadline, with a special meeting scheduled for March 28, 2024. The transaction aims to transfer all outstanding Tricon common shares to Blackstone, enhancing the company’s single-family rental and multi-family apartment portfolio.
For further insights into TSE:TCN stock, check out TipRanks’ Stock Analysis page.