Henderson Park Real Estate Management Ltd. agreed to acquire Green REIT PLC for roughly €1.34 billion.
The price reflects a valuation of the Irish office real estate investment trust's issued and to-be-issued shares at €1.9135 apiece, or 4.9% higher than Green REIT's closing price Aug. 13.
Green REIT's independent committee has unanimously recommended the transaction that is expected to be implemented in November, subject to approval from Green REIT shareholders and necessary regulatory authorizations.
More details to follow.
