Plymouth Industrial REIT (PLYM) shares fell 2.8% in recent Wednesday trading, a day after disclosing in a regulatory filing that Sixth Street Partners decided to abandon its earlier non-binding proposal to acquire the real estate investment company.
Sixth Street Partners had proposed to acquire Plymouth in August for $24.10 per share.
The development follows Plymouth's agreement last month to be acquired by Makarora Management along with Ares Management's (ARES) Ares Alternative Credit funds in a $2.1 billion all-cash deal.
Price: 22.04, Change: -0.64, Percent Change: -2.82
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