Tricon Shareholders Approve Proposed Take Private by Blackstone Real Estate [Yahoo! Finance]
Tricon Residential Inc. (TCN)
Company Research
Source: Yahoo! Finance
its special meeting ("Meeting") of shareholders of the Company ("Company Shareholders") held earlier today, Company Shareholders voted to approve the previously announced statutory plan of arrangement under the Business Corporations Act (Ontario) (the "Arrangement") pursuant to which Blackstone Real Estate Partners X, together with Blackstone Real Estate Income Trust, Inc. (and together with their respective affiliates, "Blackstone") will acquire all of the outstanding common shares of Tricon ("Common Shares") for US$11.25 per Common Share in cash (the "Transaction"). The Arrangement required the approval of: (i) at least two-thirds (66 2/3%) of the votes cast by Company Shareholders present or represented by proxy at the Meeting, voting as a single class; and (ii) because the proposed Arrangement is a "business combination" subject to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"), a simple majority (more than 50%) of
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TCN
News
- 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
- Canadian Investment Regulatory Organization Trading Halt - TCNPR Web
TCN
Sec Filings
- 4/25/24 - Form 6-K
- 4/11/24 - Form 6-K
- 4/5/24 - Form 6-K
- TCN's page on the SEC website