Brookfield Asset Management has struck a new, all cash deal for Tritax EuroBox, this time with Titanium Ruth Bidco Limited (Bidco), a newly formed company indirectly owned by one of the former’s real estate private funds.
Brookfield AM had agreed £552m takeover offer from SEGRO for Tritax just over a month ago (4 September), which valued the REIT at a 27% premium. The acquisition was set to go ahead, as Tritax EuroBox's board said the deal represents a "compelling opportunity" for its shareholders, but it had not yet been approved at the necessary client meetings. Tritax EuroBox agrees to £550m SEGRO takeover in latest REIT M&A deal This meant there was still time for either Brookfield AM - which in June said was considering a cash offer for the trust - or another party to make an alternative cash o...
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