Core Viewpoint - Plymouth Industrial REIT, Inc. has received an unsolicited proposal from Sixth Street Partners to acquire all outstanding shares for $24.10 per share, with Sixth Street owning approximately 9.99% of the company's stock [1][2]. Group 1: Proposal Details - The proposal from Sixth Street Partners is non-binding and offers cash consideration of $24.10 per share [1]. - Sixth Street beneficially owns about 9.99% of Plymouth's outstanding common stock [1]. Group 2: Company Response - The Board of Directors will evaluate the proposal in consultation with financial and legal advisors to determine the best course of action for shareholders [2]. - Shareholders are not required to take any action at this time regarding the proposal [2]. Group 3: Advisory Support - KeyBanc Capital Markets Inc. is serving as the financial advisor to Plymouth [3]. - Morrison & Foerster LLP is providing legal counsel to the company [3]. Group 4: Company Overview - Plymouth Industrial REIT, Inc. is focused on the acquisition, ownership, and management of single and multi-tenant industrial properties [4]. - The company's mission is to provide tenants with cost-effective, functional, flexible, and safe space [4].
Plymouth Industrial REIT Receives Unsolicited, Non-Binding Acquisition Proposal