January 9, 2018 / 1:11 PM / 2 months ago

BRIEF-Pure Industrial Real Estate To Be Acquired By Blackstone For $8.10 In Cash Per Unit In $3.8 Bln Transaction

Jan 9 (Reuters) - Pure Industrial Real Estate Trust :

* PURE INDUSTRIAL REAL ESTATE TRUST - TRANSACTION IS STRUCTURED AS A STATUTORY PLAN OF ARRANGEMENT UNDER BRITISH COLUMBIA BUSINESS CORPORATIONS ACT

* PURE INDUSTRIAL REAL ESTATE TRUST - ‍TRANSACTION HAS UNANIMOUS SUPPORT OF SPECIAL COMMITTEE, AS WELL AS FULL BOARD OF TRUSTEES OF PIRET​

* PURE INDUSTRIAL REAL ESTATE TRUST - TRUST WILL CONTINUE TO PAY NORMAL MONTHLY DISTRIBUTIONS IN ORDINARY COURSE, THROUGH CLOSING OF TRANSACTION

* PURE INDUSTRIAL REAL ESTATE TRUST - IN CERTAIN CIRCUMSTANCES, BLACKSTONE REQUIRED TO PAY $220 MILLION BREAK FEE TO PIRET UPON TERMINATION OF DEAL

* PURE INDUSTRIAL REAL ESTATE TRUST ENTERS INTO DEFINITIVE AGREEMENT TO BE ACQUIRED BY BLACKSTONE FOR $8.10 IN CASH PER UNIT IN A $3.8 BILLION TRANSACTION Source text for Eikon: Further company coverage:

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