Tricon Residential Set for Blackstone Acquisition

Tricon Residential Inc. (TSE:TCN) has released an update.

Tricon Residential Inc. has received final court approval for its acquisition by Blackstone Real Estate in a cash transaction valued at US$11.25 per common share. The completion of this deal, which is still subject to certain regulatory approvals, is anticipated in the second quarter of this year, after which Tricon’s common shares will be delisted from the NYSE and TSX. Shareholders are instructed on how to submit their shares to receive the agreed upon consideration.

For further insights into TSE:TCN stock, check out TipRanks’ Stock Analysis page.