BRIEF-Elad Canada inc to buy 3.7 million units of Agellan Commercial REIT
Oct 3 (Reuters) - Elad Canada Inc
* Entered agreement to acquire 3.7 million units of agellan commercial real estate investment trust
* Units of agellan to be acquired by elad genesis ltd partnership, subsidiary of elad, at a price of $9.82 per unit
* Intends to engage with members of agellan's board regarding its business,prospects,board composition among other things
* As a result of acquisition elad will own or control approximately 13.4% of issued and outstanding units of agellan Source text for Eikon: Further company coverage:
© Thomson Reuters 2016 All rights reserved.