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Blackstone Real Estate And MRP Group Announce That A Mexican Trust Formed By Their Affiliates Has Increased The Price Of Its Tender Offer For Up To 100% Of The Outstanding Real Estate Trust Certificates Of Terrafina

Benzinga ·  Jun 18 21:31

Only announced all-cash offer to date, providing substantial, immediate and certain value to Terrafina shareholders

Blackstone Real Estate and MRP Group, a developer, owner and operator of real estate in Mexico, today announced that a Mexican trust formed by their affiliates has increased the price of its tender offer for up to 100% of the outstanding real estate trust certificates of Terrafina (BMV:TERRA) by Ps.1.00 per certificate to a purchase price of Ps.39.50 per certificate.

The all-cash tender offer represents a premium of 24% over the unaffected price per Terrafina certificate at the close of trading on December 4, 2023 and an 8% premium to Terrafina's closing share price on June 7, 2024.

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