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Slate Office REIT Announces Transformative Agreement to Acquire C$254.8 Million Irish Entity That Owns a Portfolio of Office, Life Sciences and Lite-Industrial Real Estate in Ireland, and Related C$130.0 Million Bought Deal Financings and C$5.8 Million Private Placement
Slate Office REIT Announces Transformative Agreement to Acquire C$254.8 Million Irish Ent...
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[{"type":"text","content":"\n \n \n \n Slate Office REIT Announces Transformative Agreement to Acquire C$254.8 Million Irish Entity That Owns a Portfolio of Office, Life Sciences and Lite-Industrial Real Estate in Ireland, and Related C$130.0 Million Bought Deal Financings and C$5.8 Million Private Placement\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.prngen1{\nBORDER-TOP:0pt; BORDER-RIGHT:0pt; BORDER-COLLAPSE: COLLAPSE; BORDER-BOTTOM:0pt; BORDER-LEFT:0pt\n}\n.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n TORONTO\n \n ,\n \n Nov. 15, 2021\n \n /CNW/ - Slate Office REIT (TSX: SOT.UN) (the \"REIT\"), an owner and operator of office real estate, announced today that it has reached agreement with Yew Grove REIT Plc (\"Yew Grove\"), on the terms of the proposed cash offer pursuant to which an indirect wholly-owned subsidiary of the REIT would acquire all of the issued and outstanding shares of Yew Grove, for cash consideration of €1.017 per share (the \"Proposed Acquisition\"). The Proposed Acquisition remains conditional on, amongst other things, the closing of the Offering, following which the REIT will make a formal offer to acquire Yew Grove, and the approval of Yew Grove's shareholders. The Proposed Acquisition was announced today by the REIT and Yew Grove by way of an announcement of a possible offer in accordance with the requirements of Rule 2.4 of the Irish Takeover Panel Act 1997, Takeover Rules 2013 (the \"Irish Takeover Rules\"). A copy of that announcement can be accessed on the REIT's website at\n \n slateofficereit.com/regulatory-filings\n \n .\n \n \n Yew Grove is a REIT that is dual-listed on the Euronext Dublin (\n \n Ireland\n \n ) and\n \n London\n \n stock exchanges. Yew Grove owns a high quality, fit-for-purpose portfolio of 23 office, life sciences and li...