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INTERRENT REIT ANNOUNCES END OF "GO-SHOP" PERIOD
INTERRENT REIT ANNOUNCES END OF "GO-SHOP" PERIOD Canada NewsWire OTTAWA, ON...
About this update from Interrent Real Estate Investment Trust
[{"type":"text","content":"\n\n\n\n INTERRENT REIT ANNOUNCES END OF \"GO-SHOP\" PERIOD\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n OTTAWA, ON\n \n\n ,\n \n\n July 7, 2025\n \n\n /CNW/ - InterRent Real Estate Investment Trust (\"InterRent\" or the \"REIT\") (TSX: IIP.UN) announced today the expiration of the 40-day go-shop period (the \"Go-Shop Period\") provided for in the arrangement agreement dated\n \n May 27, 2025\n \n (the \"Arrangement Agreement\") between the REIT and Carriage Hill Properties Acquisition Corp. (the \"Purchaser\"), a newly formed entity owned by CLV Group and GIC, pursuant to which the Purchaser will acquire InterRent in an all-cash transaction valued at approximately\n \n $4 billion\n \n , including the assumption of net debt (the \"Transaction\").\n \n\n\n\n\n\n\n\n\n During the Go-Shop Period, the REIT was permitted to actively solicit, facilitate and enter into negotiations with third parties that expressed an interest in acquiring the REIT. BMO Capital Markets (\"BMO\"), the REIT's financial advisor, contacted 85 potential buyers on behalf of the REIT. Nine of the potential buyers entered into confidentiality agreements with the REIT and were granted access to non-public information about the REIT. The Go-Shop Period expired at\n \n 11:59 p.m. ET\n \n on\n \n July 6, 2025\n \n . The REIT did not receive an Acquisition Proposal (as such term is defined in the Arrangement Agreement) during the Go-Shop Period.\n \n\n As the Go-Shop Period has ended, the non-solicitation provisions in the Arrangement Agreement are now in effect. These provisions limit the REIT, its subsidiaries and their representatives from soliciting, facilitating or entering into any discussions, negotiations or communications or other activities with any person (other than the Purchaser) with respect to any inquiry, proposal or offer that constitutes or may reasonably be expected to constitute or lead to an Acquisition Proposal, subject to customary \"fiduciary out\" provisions, pursuant to which, among other things, the REIT may, subject to certain requirements,...