Tricon Residential Nears Acquisition by Blackstone

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

Tricon Residential Inc. shareholders have overwhelmingly approved the acquisition by Blackstone Real Estate, with a cash transaction set at US$11.25 per common share. Subject to court and regulatory approvals, the deal is expected to finalize in the second quarter of 2024, resulting in the delisting of Tricon from the New York and Toronto Stock Exchanges. Shareholders are guided on the next steps for submitting shares to receive their entitled consideration.

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