US real estate investor offers £448m for Care REIT

Simon Laffin

CR United Bidco Ltd – a wholly-owned subsidiary of CareTrust REIT Inc – has reached an agreement on a recommended cash offer for the acquisition of Care REIT Plc (CRT) for £448m. Under the terms of the acquisition, CRT shareholders will be entitled to receive 108 pence for each share. This is a premium of…

Membership Required

You must be a CM Subscriber to view this content.

Subscribe Now »

Already have an account?