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Dream Global REIT to be bought by Blackstone funds in $4.7 billion deal

09/16/2019

(Reuters) – Dream Global Real Estate Investment Trust (DRG_u.TO) said on Sunday it is to be bought by funds managed by Blackstone Group Inc (BX.N) in a C$6.2 billion ($4.69 billion) deal.

Blackstone will pay C$16.79 in cash for each Dream Global unit to acquire all of the office and industrial property manager’s subsidiaries and assets, according to a statement from Dream Global.

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Dream Global REIT to be bought by Blackstone funds in $4.7 billion deal

Meati Foods, plant-based protein producer, to cut 20% of its positions

NPR C.E.O. to Retire at Year’s End

Mohamed al-Fayed, Tycoon Whose Son Died With Diana, Is Dead at 94