Store Capital shareholders approve acquisition by GIC, Oak Street

Store Capital announced that, at the concluded special meeting of stockholders, its stockholders approved the acquisition of the company by affiliates of GIC, a global institutional investor, and funds managed by Oak Street, a Division of Blue Owl. The transaction is expected to close in the first quarter of 2023, subject to the satisfaction of customary closing conditions. Under the terms of the merger agreement announced on September 15, 2022, among other things, the company’s stockholders will receive $32.25 per share in cash. Upon closing of the transaction, the company’s common stock will no longer be listed on any public market.