Tricon Residential Inc. (TSE:TCN) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Tricon Residential Inc. has entered into an agreement facilitating the acquisition of its common shares by Creedence Acquisition ULC for $11.25 per share, which will trigger a redemption of all outstanding preferred units of Tricon PIPE LLC. This is in line with the company’s amended agreement and the planned arrangement under Ontario’s Business Corporations Act. The arrangement also includes amendments to consent rights and redemption procedures for preferred unit holders.
For further insights into TSE:TCN stock, check out TipRanks’ Stock Analysis page.
