INDUS Realty to be taken private in $868 mln deal
Feb 22 (Reuters) - U.S.-based logistics company INDUS Realty Trust Inc (INDT.O) said on Wednesday it would be taken private by affiliates of investment firms Centerbridge Partners and GIC Real Estate in an all-cash deal valued at about $868 million.
Shares of INDUS were up about 5% at $66.05 in premarket trade, trading slightly below the offer price of $67.
The transaction is expected to close in the summer of 2023, according to the statement.
Morgan Stanley & Co LLC is INDUS' financial adviser and Latham & Watkins LLP is serving as its legal adviser.
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