Stocks in Play

Pure Industrial Real Estate Trust

01:27 PM EST - Pure Industrial Real Estate Trust : Announced today that it has entered into an arrangement agreement with an affiliate of Blackstone Property Partners, pursuant to which Blackstone will acquire all of the outstanding trust units of PIRET for $8.10 per Unit in an all-cash transaction valued at $3.8 billion including debt. The Transaction price of $8.10 per Unit represents a 21% premium to the closing price of PIRET Units on the TSX on January 8, 2018. Pure Industrial Real Estate Trust shares T.AAR.UN are trading up $1.37 at $8.09.