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. shareholders have overwhelmingly approved a buyout by Blackstone Real Estate, with over 99% in favor of the US$11.25 per share deal. The transaction is pending a final court order and regulatory approval, with completion expected in the second quarter of this year. Post-acquisition, Tricon plans to delist from the NYSE and TSX and will cease to be a reporting issuer.
For further insights into TSE:TCN stock, check out TipRanks’ Stock Analysis page.
