H&R Real Estate Investment Trust, one of Canada’s largest publicly traded real estate companies, is in discussions with multiple parties about a potential transaction that may result in a sale.
The company said Friday it formed a special committee in February after receiving an unsolicited expression of interest. H&R has since received other proposals and is in discussions over these non-binding offers, it said in a statement. The shares closed up 17% for the biggest gain since November 2008.
www.bloomberg.com
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