H&R Investors Vote Down Sale to Blackstone and GO, Rebuking CEO
Bloomberg Markets
13 lis 2026, 16:20Crypto
1 min read
Shareholders of H&R Real Estate Investment Trust have voted against a plan to break up and sell the company to buyers including Blackstone Inc.
The decision effectively terminates the proposed sale that would have seen the company dismantled and its assets acquired by multiple parties. The vote represents a significant setback for the CEO's vision for the company's future.
The deal's rejection comes amid concerns about the valuation of the assets and the preferential treatment given to the CEO's family in the transaction structure.
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