INNVEST REAL ESTATE INVESTMENT TRUST The transaction values InnVest at $2.1 billion (1.45 billion pounds), including debt, the company said on Tuesday.
InnVest's shareholders will receive $7.25 in cash for each InnVest unit, representing a 37 percent premium over the 30-day volume-weighted average price of $5.28, the company said.
The company also said that it intends to maintain its workforce following the completion of the transaction.
CIBC World Markets acted as financial advisors, while Norton Rose Fulbright Canada LLP provided legal advise to InnVest.
(Reporting by Parikshit Mishra in Bengaluru; Editing by Sandra Maler)
