Slate Grocery REIT To Be Acquired By Brixmor, Everview Partners For $2.3 Bln In Cash

(RTTNews) - Slate Grocery REIT (SGR-UN.TO), an owner and operator of grocery-anchored real estate, said on Monday that it has inked a deal with the joint venture between Brixmor Property Group Inc. (BRX) and affiliates of Everview Partners, L.P., through which the joint venture will buy the REIT for $13 in cash per unit, or around $2.3 billion. The consideration represents a premium of approximately 13% to the closing price of the units on May 21, the last trading day prior to the public announcement of the strategic review process. It is also a premium of around 20% to the closing price on September 23, the last trading day prior to the company's announcement of the suspension of distributions.