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Stock impact report

MCME Carell Completes Acquisition of City Office REIT

City Office REIT, Inc. (CIO) 
NASDAQ:AMEX Investor Relations: cityofficereit.com
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--A joint venture between Elliott Investment Management L.P. (together with its affiliates, “Elliott”) and Morning Calm Management, LLC (collectively, “MCME Carell”) announced today that MCME Carell has completed its previously announced acquisition of City Office REIT, Inc. (NYSE: CIO) (“City Office REIT” or “CIO”) for $7.00 per share of common stock. As a result of the transaction, CIO’s common stock will no longer be listed on any public market.James Farrar, City Office REIT’s Chief Executive Officer, said, “Today’s closing concludes the delivery of immediate and significant value to CIO’s shareholders as a result of the acquisition. This outcome, with over 98% of voting stockholders supporting the acquisition, reinforces the merits of the transaction and speaks to the hard work our team has done throughout this process.”Mukang Cho, Morning Calm Management, LLC’s Chief Executive Officer, commented, “We are pleased to have completed this transaction and Show less Read more
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