From The Real Deal · TRD Staff · · 40s
Opposition to H&R Deal
RBC and Mill Pond Capital oppose GO Residential's $2.8bn acquisition of H&R assets.
In brief
RBC and Mill Pond Capital oppose GO Residential's $2.8bn acquisition of H&R assets. RBC Global Asset Management plans to vote against GO Residential's $2.8 billion acquisition of H&R Real Estate Investment Trust assets. Originally reported by The Real Deal.
RBC opposes deal
RBC Global Asset Management plans to vote against GO Residential's $2.8 billion acquisition of H&R Real Estate Investment Trust assets.
“does not deliver fair value to H&R's public unitholders”
Deal details
GO Residential acquires 27 properties from H&R for $2.8 billion including $1.1 billion debt.
Stock drop
H&R stock tumbles 25 percent since deal announcement with family benefits concerns.
The takeaway
RBC Global Asset Management plans to vote against GO Residential's $2.8 billion acquisition of H&R Real Estate Investment Trust assets.
