Tricon Residential Set for Blackstone Takeover

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

Tricon Residential Inc. has received final court approval for its acquisition by Blackstone Real Estate, with the transaction expected to close in the second quarter of this year at $11.25 per common share. Upon completion, Tricon’s common shares will be delisted from both the New York and Toronto Stock Exchanges. The deal awaits regulatory approval under the Investment Canada Act and the subsequent deregistration of the shares under U.S. law.

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