Tricon Residential Inc. (TSE:TCN) has released an update.
Don't Miss out on Research Tools:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Tricon Residential Inc. has entered into an agreement facilitating the acquisition of its common shares by Creedence Acquisition ULC for $11.25 per share, which will trigger a redemption of all outstanding preferred units of Tricon PIPE LLC. This is in line with the company’s amended agreement and the planned arrangement under Ontario’s Business Corporations Act. The arrangement also includes amendments to consent rights and redemption procedures for preferred unit holders.
For further insights into TSE:TCN stock, check out TipRanks’ Stock Analysis page.