Apartment Income REIT (AIRC) late Tuesday said its shareholders voted to accept the $10 billion go-private transaction with an affiliate of Blackstone (BX), paving way for the deal to close later this week.
The companies disclosed plans in April for Apartment Income REIT to be acquired by Blackstone's Real Estate Partners X fund, which will pay $39.12 for each of the outstanding share, representing a 25% premium to closing price at announcement of the deal.
The deal is now scheduled to close Friday. The REIT's shares will cease trading after deal close.
Price: 39.08, Change: +0.03, Percent Change: +0.08
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