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MEMPHIS, Tenn., Sept. 20, 2018 /PRNewswire/ -- EdR (EDR), one of the nation's largest developers, owners and managers of high-quality collegiate housing communities, today announced the completion of the previously disclosed acquisition led by funds managed by an affiliate of Greystar Real Estate Partners. The announcement follows EdR stockholders' vote to approve the merger at a meeting held September 14, 2018. The total transaction value is approximately $4.6 billion.
Education Realty's (EDR) merger deal with Greystar Real Estate Partners makes progress, with its stockholders voting in favor of the deal at a special meeting.
MEMPHIS, Tenn., Sept. 14, 2018 /PRNewswire/ -- EdR (EDR) one of the nation's largest developers, owners and managers of high-quality collegiate housing communities, today announced that at the special meeting of EdR stockholders held today, stockholders voted to approve the proposed merger of EdR with GSHGIF REIT, an affiliate of Greystar Real Estate Partners, LLC ("Greystar"), pursuant to the merger agreement dated June 25, 2018. Approximately 99.90% of the votes cast at the special meeting voted in favor of the approval of the merger, which represented approximately 83.95% of EdR's total outstanding shares of common stock as of the August 10, 2018 record date for the special meeting.
NEW YORK , Sept. 13, 2018 /PRNewswire/ -- Realogy Holdings Corp. (NYSE: RLGY) will replace Education Realty Trust, Inc. (NYSE: EDR) in the S&P MidCap 400 effective prior to the open of trading on Thursday, ...
NEW YORK , Aug. 2, 2018 /PRNewswire/ -- Education Realty Trust, Inc. (EDR) Lifshitz & Miller announces investigation into possible breaches of fiduciary duties in connection with the proposed sale of ...
NEW YORK , July 30, 2018 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New York City ...
BALA CYNWYD, PA / ACCESSWIRE / July 27, 2018 / Law office of Brodsky & Smith, LLC announces that it is continuing its investigation of potential claims against the Board of Directors of Education Realty Trust, Inc. ("Education Realty Trust" or "the Company") (NYSE:EDR News) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to Greystar Student Housing and Income Fund, LP ("Greystar"). Under the terms of the transaction, Education Realty Trust shareholders will receive only $41.50 in cash for each share of Education Realty Trust stock they own. The investigation concerns whether the Board of Education Realty Trust breached their fiduciary duties to shareholders and whether Greystar is underpaying for the Company.
Education Realty Trust (EDR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.