INDUS Realty Trust, a U.S. based industrial/logistics REIT, announced it received on November 27, 2022, an unsolicited, non-binding proposal from Centerbridge Partners — which currently owns approximately 14.8 percent of the INDUS Realty Trust’s common stock — and GIC Real Estate, to acquire 100 percent of the outstanding shares of the INDUS Realty Trust’s common stock that Centerbridge does not already own for cash consideration of $65 per share.
Consistent with its fiduciary duties and in consultation with its financial and legal advisors, the company’s board of directors will carefully review the proposal to determine the best path forward for the company that maximizes value for all of the company’s shareholders. The board of directors remains confident in the company’s performance, strategy and growth prospects. Shareholders do not need to take any action at this time.