Blackstone Real Estate Completes Privatization of Tricon
Tricon Residential Inc. (TCN)
Company Research
Source: Business Wire
Blackstone Remains Committed to Tricon’s Development Platform, including $1 Billion Pipeline of New Single-Family Homes in the U.S. and $2.5 Billion Pipeline of New Apartments in Canada; Plans to Improve Quality of Existing U.S. Single-Family Homes through an Additional $1 Billion of Capital ProjectsAll financial and share price-related information is presented in U.S. dollars unless otherwise indicated. NEW YORK & TORONTO--(BUSINESS WIRE)--Blackstone (NYSE: BX) and Tricon Residential Inc. (NYSE: TCN, TSX: TCN) (“Tricon” or the “Company”) today announced the closing of the previously-announced statutory plan of arrangement under the Business Corporations Act (Ontario) pursuant to which Blackstone Real Estate Partners X (“BREP X”), together with Blackstone Real Estate Income Trust, Inc. (“BREIT”), acquired all of the outstanding common shares of Tricon (“Common Shares”) for $11.25 per Common Share in cash (the “Transaction”) for a total equity transaction value of $3.5 billion. BREI
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News
- 23 Cheapest Housing Markets in Canada [Yahoo! Finance]Yahoo! Finance
- Tricon Residential Inc. Announces Receipt of Investment Canada Act Approval for Take Private by Blackstone Real Estate [Yahoo! Finance]Yahoo! Finance
- Tricon Residential Inc. Announces Receipt of Investment Canada Act Approval for Take Private by Blackstone Real EstateBusiness Wire
- Blackstone (BX) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Canadian Investment Regulatory Organization Trade Resumption - TCNPR Web
TCN
Sec Filings
- 5/2/24 - Form 25-NSE
- 5/1/24 - Form S-8
- 5/1/24 - Form SC
- TCN's page on the SEC website