By Sabela Ojea
Shares of Diversified Healthcare Trust on Friday climbed 10% to $2.90 in post-market trading after the real estate investment trust said its merger agreement with Office Properties Income Trust was mutually terminated.
The deals termination was approved by special committees and boards of trustees for both companies, and each party will bear its costs and expenses regarding the failed transaction.
Diversified Healthcare Trust and Office Properties Income Trust have also cancelled their respective social meetings of shareholders scheduled for Sept. 6.
Write to Sabela Ojea at [email protected]; @sabelaojeaguix
Read the full article here