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BRIEF-Innvest Real Estate Investment will be sold to Bluesky Hotels

Published 2016-05-10, 08:42 p/m
© Reuters.  BRIEF-Innvest Real Estate Investment will be sold to Bluesky Hotels
INN_u
-

May 10 (Reuters) - Innvest Real Estate Investment Trust
INN_u.TO :
* Innvest Real Estate Investment Trust enters into
definitive agreement with Bluesky Hotels And Resorts to be
acquired for $7.25 in cash per unit
* Says $2.1 billion transaction has unanimous support of
innvest's board of trustees.
* Proposed transaction values innvest at approximately $2.1
billion , including assumption of innvest's net debt
* Innvest's headquarters will remain in Toronto, Canada
* Bluesky intends Innvest will maintain its senior
leadership team, workforce, including drew coles , president and
chief executive officer
* Innvest Real Estate Investment Trust enters into
definitive agreement with bluesky hotels and resorts to be
acquired for $7.25 in cash per unit

Source text for Eikon:
Further company coverage: INN_u.TO

(Bengaluru Newsroom)

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