(Reuters) -Investment management company Blackstone has agreed to take Canadian real estate firm Tricon Residential private for $3.5 billion, the companies said on Friday.
Under the deal, Blackstone will acquire all outstanding shares of Tricon for $11.25 per share in cash, representing a 30.35% premium to its last close.
The transaction is expected to close in the second quarter of this year.
(Reporting by Aishwarya Jain in Bengaluru; Editing by Krishna Chandra Eluri)
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