Plymouth receives acquisition proposal from Sixth Street for $24.10 per share

Plymouth Industrial REIT (PLYM) received an unsolicited, non-binding proposal from Sixth Street Partners to acquire all of the outstanding shares of the Company’s common stock for cash consideration of $24.10 per share. According to the Schedule 13D filed yesterday with the U.S. Securities and Exchange Commission disclosing the proposal, Sixth Street beneficially owns approximately 9.99% of Plymouth’s outstanding common stock. Consistent with its fiduciary duties and in consultation with its financial and legal advisors, the Company’s Board of Directors will carefully evaluate the proposal to determine the course of action it believes is in the best interests of all Plymouth shareholders. Shareholders are not required to take any action at this time.