Blackstone Completes $3.5 Billion Tricon Acquisition
Company Announcements

Blackstone Completes $3.5 Billion Tricon Acquisition

Tricon Residential Inc. (TSE:TCN) has released an update.

Blackstone Real Estate has completed the acquisition of Tricon Residential Inc. for $3.5 billion, with the common shares set to be de-listed from the NYSE and TSX. The deal includes a significant investment to enhance Tricon’s housing platforms in both the U.S. and Canada. Shareholders, excluding BREIT which retains an 11.6% stake, received $11.25 per common share in cash.

For further insights into TSE:TCN stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskBlackstone Completes Acquisition of Tricon Residential
TipRanks Auto-Generated NewsdeskTricon Residential Acquired by Blackstone Real Estate
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Optimize your mobile reading experience. Download the TipRanks App today!