Re: Plymouth Industrial REIT Inc (PLYM) 21.94 -0.74 (-3.26%)
It looks like there has been a significant update since the $24 per share proposal you mentioned.
Plymouth Industrial REIT (PLYM) has entered into a definitive merger agreement to be acquired by entities affiliated with Makarora Management LP and Ares Alternative Credit funds.
Here are the key details of the agreed-upon transaction:
- Acquisition Price: $22.00 per share in an all-cash transaction.
- Total Value: Approximately $2.1 billion, including assumed debt.
- Previous Offer: You are correct that an earlier, unsolicited, non-binding proposal from Sixth Street Partners was for $24.10 per share.
- "Go-Shop" Period: The merger agreement included a 30-day "go-shop" period, which allowed Plymouth to actively seek superior proposals. This period expired on November 23, 2025.
- Sixth Street's Status: Following the expiration of the go-shop period, Sixth Street Partners has withdrawn its $24.10 per share acquisition proposal.
- Closing Timeline: The acquisition is expected to close in early 2026, subject to shareholder approval and other customary regulatory clearances.
The stock is currently trading below the $22.00 price, which is common in merger situations, reflecting the remaining time and risk until the deal closes.
Would you like me to look up the date of the Plymouth Industrial REIT shareholder meeting to vote on the merger agreement?
The official press releases state that the transaction is expected to close in early 2026, subject to:
- Approval by Plymouth's shareholders.
- Customary regulatory approvals.
- Other closing conditions.
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Keep an eye out for a press release in December 2025/January 2026. This date (likely around Dec 31, 2025) is expected to be the last ex-dividend date before the deal closes.
Looks like $22/share is the new price All Cash! |
