City Office REIT to Be Taken Private in Near US$1.1 Billion Deal

City Office REIT to be taken private in near US$1.1 billion deal

City Office REIT said on Thursday it has agreed to be taken private by MCME Carell, an affiliate of hedge fund Elliott Investment, in an all-cash deal valued at nearly US$1.1 billion, including the assumption of debt.

City Office REIT to be taken private in near $1.1-billion deal with Elliott Investment affiliate

MCME Carell will acquire all outstanding shares it does not already own, represents a 26% premium to stock’s last close

City Office REIT Enters into Definitive Agreement for Sale at $7.00 per Share of Common Stock in Transaction Valued at Approximately $1.1 Billion

/PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office", or the "Company") today announced that it has entered into a definitive merger agreement...

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The following companies saw new developments that may affect trading of their securities on Friday (Jul 25):

City Office REIT Enters into Definitive Agreement for Sale at $7.00 per Share of Common Stock in Transaction Valued at Approximately $1.1 Billion - PressReach

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Hedge Fund Taking City Office REIT Private In $1.1B Deal

A publicly traded owner of Sun Belt office buildings has agreed to be taken private in a $1.1B merger with a subsidiary of hedge fund Elliott Investment Management.