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