Melcor Developments Ltd. to Acquire Melcor Real Estate Investment Trust for $4.95 per Trust Unit GlobeNewswire – Mergers And Acquisitions

EDMONTON, Alberta, Sept. 12, 2024 (GLOBE NEWSWIRE) —

Melcor Developments Ltd. (“Melcor” or the “Company”) (TSX: MRD) and Melcor Real Estate Investment Trust (“Melcor REIT” or the “REIT”) (TSX: MR.UN) today announced that they have entered into an arrangement agreement (the “Arrangement Agreement”) under which Melcor will acquire its unowned equity interest (approximately 45%) in Melcor REIT Limited Partnership (“REIT LP”) for $4.95 per unit in cash consideration (the “REIT LP Sale”). Melcor’s unowned equity interest in REIT LP comprises all REIT LP’s outstanding Class A LP Units (approximately 13.0 million units). The REIT will use the proceeds from the REIT LP Sale to repurchase and cancel (collectively with the REIT LP Sale, the “Transaction”) all of the REIT’s outstanding participating trust units (“Trust Units”).

EDMONTON, Alberta, Sept. 12, 2024 (GLOBE NEWSWIRE) — Melcor Developments Ltd. (“Melcor” or the “Company”) (TSX: MRD) and Melcor Real Estate Investment Trust (“Melcor REIT” or the “REIT”) (TSX: MR.UN) today announced that they have entered into an arrangement agreement (the “Arrangement Agreement”) under which Melcor will acquire its unowned equity interest (approximately 45%) in Melcor REIT Limited Partnership (“REIT LP”) for $4.95 per unit in cash consideration (the “REIT LP Sale”). Melcor’s unowned equity interest in REIT LP comprises all REIT LP’s outstanding Class A LP Units (approximately 13.0 million units). The REIT will use the proceeds from the REIT LP Sale to repurchase and cancel (collectively with the REIT LP Sale, the “Transaction”) all of the REIT’s outstanding participating trust units (“Trust Units”).  Read MoreTSX:MRD, CA5854671032 

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