Public Sector Pension Investment Board(PSPIB)has extended its takeover bid for Retirement Residences Real Estate Investment Trust.
So far, 89.3% of the trust’s units have been tendered to the offer.
The bid, which was set to expire yesterday, has been extended until January 26.
PSPIB made the $2.8 billion offer for the REIT in October 2006.
For more information on this deal, click here.
To comment on this story email craig.sebastiano@rci.rogers.com.
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