October 3, 2016 / 9:47 PM / a year ago

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:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below