> Blackstone is to buy Dream Global Units for 6.2bn CAD

Blackstone is to buy Dream Global Units for 6.2bn CAD

Monday, 16/09/2019 | 01:17 GMT-0

Another snippet of M&A activity news for the session

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.