Milestone Apartments REIT unitholders approve takeover: Reuters
Milestone Apartments Real Estate Investment Trust said this week that its unitholders approved the Canadian company's takeover by U.S. private investment firm Starwood Capital Group for about US$1.3 billion, Reuters reported. Starwood last week raised its offer to US$16.25 per Milestone unit from US$16.15, after proxy advisory firm ISS recommended Milestone unitholders to vote against the deal. It is expected to close on or about April 28, the company said.
28 March 2017•1 min read
