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Agellan Commercial Real Estate Investment Trust

09:45 AM EST - Agellan Commercial Real Estate Investment Trust : Has entered into an arrangement agreement pursuant to which Elad Genesis Limited Partnership, an affiliate of El-Ad Group, Ltd., has agreed to acquire all of the outstanding trust units of the REIT for $14.25 in cash per Unit, other than Units already owned by El-Ad or its affiliates. The Transaction values the REIT at approximately $680 million, including the REIT’s net debt. Agellan Commercial Real Estate Investment Trust
shares T.ACR.UN are trading up $0.64 at $14.22.