Apartment Income REIT surges after Blackstone's $10 bln buyout
08/04/2024 14:40
(Updates)
** Apartment Income REIT Corp AIRC.N jumps 23% to $38.45
** Blackstone BX.N to acquire AIRC, owner of upscale
apartment buildings, for about $10 billion
** Blackstone will pay $39.12 for each share of the real
estate investment trust, a 25% premium to its closing price on
Friday
** Including session gains, AIRC stock is up roughly 10%
(Reporting by Pratyush Thakur)
((Pratyush.Thakur@thomsonreuters.com))
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