📈 69% of S&P 500 stocks beating the index - a historic record! Pick the best ones with AI.See top stocks

BRIEF- Proreit to acquire Boulevard Industrial REIT

Published 2015-07-31, 08:27 p/m
BRIEF- Proreit to acquire Boulevard Industrial REIT

July 31 (Reuters) - PRO Real Estate Investment Trust PRV_u.V :
* Proreit to acquire Boulevard Industrial reit in a supported transaction
* Says offer implies a purchase price of $0.093 per Boulevard unit
* Will acquire all outstanding trust units of Boulevard; deal approved by
boards of both proreit, Boulevard
* Unitholders of Boulevard will receive 0.04651 of a trust unit of proreit for
each trust unit of Boulevard
* Deal represents premium of about 43% to the $0.065 closing price of
boulevard's units on July 30, 2015
* Says transaction is expected to be accretive to proreit's net asset value and
affo
* Holders of Boulevard debentures will get cash amount equal to 101% of
principal amount + accrued and unpaid interest
* Holders of Boulevard debentures will get an additional 30 days of interest as
part of the plan of arrangement
* Source text for Eikon ID:nCCN2HSB4M
* Further company coverage PRV_u.V

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.