Tag: Tricon

Blackstone to take Tricon Residential private for $3.5 billion

(Reuters) – Investment management company Blackstone has agreed to take Canadian real estate firm Tricon Residential private for $3.5 billion, the companies said on Friday. U.S.-listed shares of Tricon jumped about 28% at market open, hitting nearly a one-and-a-half-year high. Under the deal, Blackstone will acquire all outstanding shares of Tricon for $11.25 per share […]