Indus Realty Trust receives unsolicited acquisition offers

Indus Realty Trust

28/11/2022 12:58

** Shares of U.S.-based-industrial-REIT Indus Realty Trust
Inc  INDT.O  up 9.1% at $62.50 premarket in low volumes 
    ** On Sunday, co received an unsolicited, non-binding
proposal from private investment firm Centerbridge Partners
L.P.— which currently owns about 14.8% of the co's common stock
 urn:newsml:reuters.com:*:nBw9fwLkya
    ** INDT also received offer from GIC Real Estate to acquire
100% of the outstanding shares of the co's common stock that
Centerbridge does not already own for $65.00 per share in cash
    ** Morgan Stanley & Co LLC is serving as financial advisor
to INDT
    ** YTD, INDT down 29.3% 
 (Reporting by Priyamvada C in Bengaluru)
 ((Priyamvada.c@thomsonreuters.com))