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IRT — Independence Realty Trust News Story

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Brief: Independence Realty Trust And Centerspace To Merge In $8.1 Billion Combination

BRIEF-Independence Realty Trust And Centerspace To Merge In $8.1 Billion Combination

- Centerspace CSR.N:

  • INDEPENDENCE REALTY TRUST AND CENTERSPACE TO MERGE IN $8.1 BILLION COMBINATION

  • INDEPENDENCE REALTY TRUST AND CENTERSPACE TO MERGE IN $8.1 BILLION COMBINATION

  • INDEPENDENCE REALTY TRUST, - SCOTT SCHAEFFER TO SERVE AS CHAIRMAN AND CEO, JAMES SEBRA AS PRESIDENT AND CFO

  • INDEPENDENCE REALTY TRUST, - DEAL EXPECTED TO BE 5% ACCRETIVE TO 2027 CORE FFO PER SHARE

  • INDEPENDENCE REALTY TRUST - IRT STOCKHOLDERS TO OWN 78%, CENTERSPACE SHAREHOLDERS 22% OF COMBINED COMPANY EQUITY

  • INDEPENDENCE REALTY TRUST - CENTERSPACE SHAREHOLDERS WILL RECEIVE 3.800 SHARES OF IRT COMMON STOCK FOR EACH SHARE OF CENTERSPACE COMMON STOCK OWNED

  • INDEPENDENCE REALTY TRUST: COMBINED CO TO RETAIN INDEPENDENCE REALTY TRUST NAME, WILL CONTINUE TO TRADE UNDER TICKER SYMBOL "IRT" ON NYSE

  • INDEPENDENCE REALTY TRUST, - EXPECTS TO CONTINUE QTRLY DIVIDEND OF $0.18 PER SHARE FOLLOWING CLOSING

  • INDEPENDENCE REALTY TRUST, - MERGER EXPECTED TO GENERATE ANNUALIZED SYNERGIES OF ABOUT $24 MILLION

Source text: ID:nBwRs1W4a

Further company coverage: CSR.N


((Reuters.Briefs@thomsonreuters.com;))

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