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INTERRENT REIT ANNOUNCES FILING OF SPECIAL MEETING MATERIALS, RECEIPT OF COMPETITION ACT APPROVAL AND INTERIM ORDER IN RESPECT OF ALL-CASH ACQUISITION BY CLV GROUP AND GIC
INTERRENT REIT ANNOUNCES FILING OF SPECIAL MEETING MATERIALS, RECEIPT OF COMPETITION ACT APPROVAL...
About this update from Interrent Real Estate Investment Trust
[{"type":"text","content":"\n\n\n\n INTERRENT REIT ANNOUNCES FILING OF SPECIAL MEETING MATERIALS, RECEIPT OF COMPETITION ACT APPROVAL AND INTERIM ORDER IN RESPECT OF ALL-CASH ACQUISITION BY CLV GROUP AND GIC\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 Vote\n \n\n FOR\n \n\n certainty of value and immediate liquidity at a significant premium\n \n\n Unitholders to receive cash consideration of\n \n $13.55\n \n per unit, representing a 35% premium to InterRent's unaffected closing unit price on the TSX as of\n \n March 7, 2025\n \n , the last trading day prior to media speculation regarding the REIT, and a 29% premium to InterRent's 90-day VWAP on the TSX as of\n \n May 26, 2025\n \n\n\n The Transaction is the result of a comprehensive assessment of alternatives, along with a 40-day go-shop period which involved contacting more than 85 potential counterparties\n \n\n The Board unanimously recommends that Unitholders vote in favour of the Transaction ahead of the proxy voting deadline of\n \n August 21, 2025\n \n\n\n For questions or help with voting, call Kingsdale Advisors at 1-855-476-7989 (toll-free in\n \n North America\n \n ) or 1-647-577-3634 (text and call enabled outside\n \n North America\n \n ), or email at\n \n [email protected]\n \n\n\n\n\n\n OTTAWA, ON\n \n\n ,\n \n\n Aug. 1, 2025\n \n\n /CNW/ - InterRent Real Estate Investment Trust (\"\n \n InterRent\n \n \" or the \"\n \n REIT\n \n \") (TSX: IIP.UN) announced today that it has mailed the management information circular (the \"\n \n Circular\n \n \") and related materials for the annual and special meeting (the \"\n \n Meeting\n \n \") of its unitholders (the \"\n \n Unitholders\n \n \") to approve, among other things, the previously announced plan of arrangement (the \"\n \n Arrangement\n \n \"), pursuant to which Carriage Hill Properties Acquisition Corp. (the \"\n \n Purchaser\n \n \"), a newly formed entity owned by CLV Group and GIC, will acquire InterRent in an all-cash transaction valued at approximately\n \n $4 billion\n \n , including the assump...