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Bloomberg: H&R REIT Shareholders Vote Down Plan to Split and Sell to Blackstone and Other Buyers
According to Bloomberg, shareholders of H&R Real Estate Investment Trust (REIT) voted down a proposal to split up and sell the company to buyers including Blackstone. The report noted that the complex transaction would have also allowed the CEO's family to acquire a portfolio of real estate assets at a discounted price. This development represents a shareholder rejection of the proposal, rather than the completion of the deal.
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