trending Market Intelligence /marketintelligence/en/news-insights/trending/e_6hJ_Vs5DW9nfN_cSbwYA2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

ISS, Glass Lewis recommend approval of Elad's buyout of Agellan

Video

Climate Credit Analytics: Linking climate scenarios to financial impacts

Blog

Real Estate News & Analysis: April Edition

Blog

COVID-19 Impact & Recovery: Investment Banking

Blog

COVID-19 Impact & Recovery: Academia


ISS, Glass Lewis recommend approval of Elad's buyout of Agellan

Agellan Commercial REIT said independent proxy advisory firms Institutional Shareholder Services Inc. and Glass Lewis & Co. LLC are recommending Agellan unit holders vote in favor of the special resolution approving the plan of arrangement, under which Elad Genesis Ltd. or its affiliates will acquire the trust units in Agellan that they do not already own for C$14.25 per unit.

The deal values Agellan at roughly C$680 million, including debt.

The diversified real estate investment trust's board and the special committee of independent trustees have expressed their unanimous approval for the plan and are similarly recommending for its approval during the special meeting scheduled for Jan. 10, 2019.