February 27, 2017 / 9:49 PM / 7 months ago

BUZZ-Silver Bay Realty Trust: To be bought by Tricon Capital for $1.4 bln

** REIT’s shares up nearly 17.5 pct at $21.35 in extended trading

** Company said it will be bought by Tricon Capital Group Inc for $1.4 bln in all-cash deal

** Per share value of deal is $21.50, a 18.3 pct premium to stocks’ Monday close

** Deal expected to close in Q2 of 2017

** Goldman Sachs will be financial adviser, while Orrick, Herrington & Sutcliffe LLP is co’s legal adviser

** Up to Monday’s close, Silver Bay’s shares have risen about 40 pct over the last 12 months

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