Tricon Residential Gets Final Regulatory Approval for Sale
By Adriano Marchese
Tricon Residential said it has received regulatory approval for the sale of the business to Blackstone Real Estate Partners X and Blackstone Real Estate Income Trust.
The Canadian property developer said Thursday it has received Investment Canada Act approval in connection to its plan of arrangement in which its shareholders will receive $11.25 a share.
The transaction has already received clearance under the Competition Act in Canada as well as shareholder approval. The parties have received a final order from the Ontario Superior Court of Justice approving the arrangement.
The transaction is expected to be completed on or around May 1.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
April 25, 2024 08:38 ET (12:38 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
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