ACC - Blackstone said to agree to buy American Campus Communities in $13B deal

Blackstone (NYSE:BX) agreed to buy student-housing owner American Campus Communities (NYSE:ACC) for about $12.8 billion, including debt, according to a WSJ report. ACC is the largest publicly trader owner and developer of student housing in the U.S. The news comes after activist investor Land & Buildings last week withdrew its nominee for the board of American Campus Communities (ACC). The disclosure came as activist Jonathan Litt's Land & Buildings has been agitating for changes at the REIT that owns student housing for more than a year. Developing story ...

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Blackstone said to agree to buy American Campus Communities in $13B deal