tiprankstipranks
Tricon Endorsed for Blackstone Buyout; Vote Urged
Company Announcements

Tricon Endorsed for Blackstone Buyout; Vote Urged

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

Don't Miss our Black Friday Offers:

Tricon Residential Inc. has received endorsements from proxy advisory firms ISS and Glass Lewis for shareholders to approve a buyout arrangement with Blackstone Real Estate, valued at US$11.25 per common share. Shareholders are urged to cast their votes ahead of the impending March 26 deadline, with a special meeting scheduled for March 28, 2024. The transaction aims to transfer all outstanding Tricon common shares to Blackstone, enhancing the company’s single-family rental and multi-family apartment portfolio.

For further insights into TSE:TCN stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskBlackstone Completes $3.5 Billion Tricon Acquisition
TipRanks Canadian Auto-Generated NewsdeskBlackstone Completes Acquisition of Tricon Residential
TipRanks Auto-Generated NewsdeskTricon Residential Acquired by Blackstone Real Estate
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App