InsideArbitrage Potential Deal: INDUS Realty Trust (INDT) Receives Unsolicited, Non-Binding Proposal

  • November 28, 2022

POTENTIAL DEAL DETAILS

StockINDUS Realty Trust, Inc.SymbolINDT
Date Announced11/28/2022Source Press Release
TypeUnsolicited BidAcquiring Company/Person Centerbridge

INDUS Realty Trust (INDT), a U.S. based industrial/logistics REIT, announced it received an unsolicited, non-binding proposal from Centerbridge Partners, L.P.—which currently owns approximately 14.8% of the company’s common stock—and GIC Real Estate, to acquire 100% of the outstanding shares of the company’s common stock that Centerbridge does not already own for cash consideration of $65.00 per share.

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