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NPRUF - Northview Apartment REIT: A Unique Risk/Reward Profile
Northview Apartment Real Estate Investment Trust Unit
Deal Overview
Northview Apartment REIT (NPRUF) is being acquired by Starlight and Kingsett for $4.8 billion or $36.25. At the current stock price of $33.00, this implies a 10% gross spread. The transaction is structured as a statutory plan of arrangement under the Alberta Business Corporations Act and was announced on 20 February with closure expected in the third quarter of 2020.
On March 23, Northview announced the expiration of the 30-day go-shop period. Scotiabank reported it pitched the deal to 54 potential acquirers, of which two entered into a confidentiality agreement, but no