Slate Grocery REIT to be acquired by Brixmor and Everview Partners for $2.3 billion
BRX•Slate Grocery REIT agreed to be acquired by Brixmor and Everview Partners in a $2.3 billion transaction for $13 per unit in cash. The REIT will pay a $31 million termination fee, while the purchaser will pay a $63 million reverse termination fee.
1. Cash acquisition agreement
Slate Grocery REIT entered into a definitive agreement to be acquired by Brixmor and Everview Partners in a $2.3 billion transaction for $13 per unit in cash. A $31 million termination fee is payable by the REIT, and a $63 million reverse termination fee is payable by the purchaser.
