Blackstone is to buy Dream Global Units for 6.2bn CAD

Author: Eamonn Sheridan | Category: News

Another snippet of M&A activity news for the session

  • this one a CAD positive. 
Dream Global REIT's units are dual listed on the Toronto Stock Exchange and the Frankfurt Stock Exchange

  • DREAM Global Real Estate Investment Trust said on Sunday it is to be bought by funds managed by Blackstone Group Inc in a C$6.2 billion ($4.69 billion) deal.
  • Blackstone will pay C$16.79 in cash for each Dream Global unit to acquire all of the office and industrial property manager's subsidiaries and assets, according to a statement from Dream Global.

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