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Blackstone Real Estate, MRP Group announce commencement of an all-cash tender offer for Terrafina
Transactions - JUNE 11, 2024

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Blackstone Real Estate, MRP Group announce commencement of an all-cash tender offer for Terrafina

by Released

Blackstone Real Estate and MRP Group, a developer, owner and operator of real estate in Mexico, have announced that a Mexican trust formed by their affiliates has commenced a tender offer for up to 100 percent of the outstanding real estate trust certificates of Terrafina (BMV:TERRA 13) at a purchase price of $Mex38.50 ($2.10) per certificate.

The all-cash tender offer represents a premium of 21 percent over the unaffected price per Terrafina certificate at the close of trading on Dec. 4, 2023, and a 5 percent premium to Terrafina’s closing share price on June 7, 2024.

As the only announced all-cash tender offer, this transaction would provide substantial and immediate value for Terrafina’s shareholders and avoids the potential negative tax consequences associated with competing exchange offers. Additionally, this offer provides more certainty given the limited closing conditions. With a track record of more than 50 successful public company transactions, Blackston

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