Parradee Kietsirikul
- Tricon Residential (NYSE:TCN) shareholders voted to approve the previously announced transaction to be acquired by Blackstone (NYSE:BX) Real Estate for US$11.25 per common share.
- A total of ~208M common shares were voted in favor of the arrangement, representing 99.3% of the votes cast by Tricon shareholders.
- Tricon (TCN) plans to seek a final order from the Ontario Superior Court of Justice to approve the transaction on April 5, 2024. The completion of the deal remains subject to the satisfaction or waiver of certain closing conditions, including the receipt of the final order and regulatory approval under the Investment Canada Act.
- Once the transaction closes, Tricon’s common stock will be delisted from the New York Stock Exchange and the Toronto Stock Exchange.