CIP 0.67% $3.00 centuria industrial reit

News: CIP Propertylink Group Proposes To Acquire Centuria Industrial Reit

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    Sept 13 (Reuters) - Propertylink Group (PLG) :

    • PROPOSAL TO ACQUIRE CENTURIA INDUSTRIAL REIT
    • OFFER FOR A CONSIDERATION OF 2.5327 PLG SECURITIES AND $0.33 CASH FOR EACH CIP UNIT
    • IMPLIED VALUE OF PROPERTYLINK'S PROPOSAL IS $3.04 PER CIP UNIT, WHICH VALUES EQUITY OF CIP AT $755 MILLION
    • BY ACQUIRING CIP, CO IS EXPECTED TO GENERATE ACCRETION TO PLG'S FY19 EPS AND DPS ON A PRO FORMA BASIS
 
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