Slate Grocery REIT weighs possible sale after unsolicited bid
Slate Grocery REIT has formed a special committee to explore strategic alternatives following an unsolicited bid. The committee is considering various options, including a potential sale of the company. No immediate action is required from unitholders, and the outcome of this process remains uncertain.
- ▪Slate Grocery REIT received an unsolicited proposal from affiliates of Slate Asset Management.
- ▪A special committee of independent trustees has been established to evaluate strategic alternatives.
- ▪The committee is considering options ranging from maintaining the status quo to a potential sale of the company.
Opening excerpt (first ~120 words) tap to expand
ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountSlate Grocery REIT SGR-UN-T says it has set up a special committee of independent trustees which is soliciting proposals from third parties after receiving an offer.The Toronto-based real estate investment trust, which owns and operates U.S. grocery-anchored real estate, says it received an unsolicited proposal from affiliates of Slate Asset Management, the company’s external manager.The committee has been granted a “broad mandate” to consider and evaluate a range of strategic alternatives, which includes a possible sale of the company.Committee chair Marc Rouleau says the value of the REIT’s underlying portfolio may not be fully reflected in the public markets “and as such, we are evaluating various…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Globe and Mail.
Discussion
0 commentsMore from The Globe and Mail
