Brief: INDUS Realty Trust To Be Acquired By Centerbridge Partners And GIC Real Estate In A Deal Valued At $868 Million

Indus Realty Trust

22/02/2023 13:12

Feb 22 (Reuters) - Indus Realty Trust Inc  INDT.O :
    * INDUS REALTY TRUST TO BE ACQUIRED BY CENTERBRIDGE PARTNERS
AND
GIC REAL ESTATE IN A TRANSACTION VALUED AT $868 MILLION
    * INDUS REALTY TRUST INC - INDUS STOCKHOLDERS TO RECEIVE
$67.00
PER SHARE IN CASH
    * INDUS REALTY TRUST INC - INDUS WILL BE ALLOWED TO DECLARE
AND
PAY ITS REGULAR Q1 AND Q2 2023 CASH DIVIDENDS IN ORDINARY COURSE
    * INDUS REALTY TRUST INC - AGREED TO SUSPEND PAYMENT OF ANY
FURTHER REGULAR QTRLY DIVIDENDS UNTIL EARLIER OF CLOSING OR
TERMINATION OF MERGER AGREEMENT
    * INDUS REALTY TRUST - SUBJECT TO AND UPON DEAL CLOSE, CO'
COMMON
STOCK WILL NO LONGER BE LISTED ON NASDAQ AND INDUS WILL BECOME A
PRIVATELY HELD CO
    * INDUS REALTY TRUST INC - CLOSING OF TRANSACTION IS NOT
CONTINGENT ON RECEIPT OF FINANCING BY CENTERBRIDGE AND GIC

Source text for Eikon:  ID:nBw6FkGJma 
Further company coverage:  INDT.O 
 ((Reuters.Briefs@thomsonreuters.com;))