Mergers & Acquisitions
By The Online Investor Staff, updated Wed., Feb. 26, 4:32 PM
| This Slide: #27 of 100 |
Slide #27. Starlight Group Property Holdings Inc. and KingSett Capital Inc. — Northview Apartment Real Estate Investment Trust
Acquirer:
Starlight Group Property Holdings Inc. and KingSett Capital Inc.
Acquiree:
Northview Apartment Real Estate Investment Trust (NVUN.CA)
Details:
Northview Apartment Real Estate Investment Trust ("Northview") (TSX:NVUN.CA) announced today that it has entered into an arrangement agreement (the "Arrangement Agreement") with affiliates of Starlight Group Property Holdings Inc. ("Starlight") and KingSett Capital Inc. ("KingSett") (collectively, the "Purchasers") pursuant to which the Purchasers will acquire Northview, and the holders of Northview's outstanding trust units (the "Units") (other than Starlight's interest in Northview which will be rolled into the acquiring entities) will receive $36.25 per Unit (the "Offer Price") in cash in a transaction valued at $4.8 billion including net debt (the "Transaction").
Northview Apartment Real Estate Investment Trust: NVUN.CA
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