Indus Realty Trust announced in a press release that it would be acquired by Centerbridge partners and GIC Real Estate. An all-cash transaction in which the latter two companies acquired all outstanding shares of the former will be valued at an estimated $868 million.

Indus shareholders receive $67.00 per share in cash, a premium of 17% to the company’s unaffected stock price on November 25, 2022. That was the date and Centerbridge and GIC first publicly declared their intent to buy the company.

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Erik Sherman

GlobeSt

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