When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
NPRUF - Northview Apartment REIT: Great Merger Arbitrage Opportunity From Canada
Northview Apartment Real Estate Investment Trust Unit
Situational Overview
Sometimes timing is truly perfect.
Just days before the major declines related to the COVID-19 pandemic started causing headaches for investors, Northview (US ticker: NPRUF Canadian ticker: NVU.UN) a REIT based and operating in Canada, announced that they are being acquired by Starlight Group Property Holdings Inc. and KingSett Capital Inc.
The offer was a pretty decent one too. The offer is priced at C$36.25 per unit, a 12% premium on the prior day's closing price. This offer propelled Northview's unit price to an all-time high, slightly above C$36.50. The reason for a