Reuters - Kingsett Capital Makes Offer to Acquire Primaris Retail REIT

A consortium led by Canadian private equity firm KingSett Capital said on Wednesday it plans to make an offer to acquire Primaris Retail Real Estate Investment Trust in a deal valued at about C$4.4 billion, Reuters wrote. The cash offer of C$26 per unit represents a premium of about 12.8 percent to Primaris's closing price of C$23.04 on the Toronto Stock Exchange on Tuesday.

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