INDUS Realty to be taken private in $868 mln deal

Indus Realty Trust

22/02/2023 13:11

Feb 22 (Reuters) - U.S.-based logistics company INDUS
Realty Trust Inc  INDT.O  said on Wednesday it would be taken
private by affiliates of investment firms Centerbridge Partners
and GIC Real Estate in an all-cash deal valued at about $868
million.
    Shares of INDUS were up about 5% at $66.05 in premarket
trade, trading slightly below the offer price of $67.     
    The transaction is expected to close in the summer of 2023,
according to the statement.
    Morgan Stanley & Co LLC is INDUS' financial adviser and
Latham & Watkins LLP is serving as its legal adviser.
 (Reporting by Priyamvada C in Bengaluru; Editing by Shilpi
Majumdar)
 ((Priyamvada.C@thomsonreuters.com https://twitter.com/priyamouli1812?lang=en))