City Office REIT stockholders approve MCME Carell Holdings acquisition

City Office REIT (CIO) announced that the stockholders of the company voted to approve the merger pursuant to which all of the issued and outstanding shares of City Office will be acquired by MCME Carell Holdings, LP and MCME Carell Merger Sub. The merger is subject to the satisfaction of closing conditions and is expected to close during the fourth quarter of 2025. Upon the closing, holders of City Office’s common stock will receive $7.00 per share in cash.