http://www.streetinsider.com Latest StreetInsider.com News Articles en-us Copyright 2026, StreetInsider.com rss@streetinsider.com (SI RSS) rss@streetinsider.com (SI RSS) Thu, 16 Apr 2026 07:21:31 -0400 http://blogs.law.harvard.edu/tech/rss http://www.streetinsider.com/images/rss_logo.gif http://www.streetinsider.com 143 28 0 1 2 3 21 22 23 Saturday Sunday http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html <p>First Capital REIT (TSX: FCR.UN) announced it has entered into an agreement to be acquired by KingSett Capital and Choice Properties REIT (TSX: CHP.UN) in a transaction valued at approximately $9.4 billion, including assumed debt.</p> <p>Under the arrangement, First Capital unitholders will receive $19.24 in cash and 0.3186 units of Choice Properties per First Capital unit, representing total consideration of $24.40 per unit. The transaction price represents a 17% premium to First Capital's 20-day volume-weighted average price and an 8% premium to the company's net asset value of $22.57 per unit.</p> <p>Choice Properties will acquire approximately $5.0 billion of retail assets from http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html Thu, 16 Apr 2026 07:21:31 -0400 6HC A.09357301 A.19658497 A.25316154 A.27924293 A.29121832 A.32383221 A.34958389 A.39759759 CHP.UN FCR.UN GWL O.00004430 O.00159417 O.00170806 O.00673984 O.00787920 O.05948807 O.16007241 O.22382076 O.22482594 O.48260231 Z0H http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html <p>First Capital REIT (TSX: FCR.UN) announced it has entered into an agreement to be acquired by KingSett Capital and Choice Properties REIT (TSX: CHP.UN) in a transaction valued at approximately $9.4 billion, including assumed debt.</p> <p>Under the arrangement, First Capital unitholders will receive $19.24 in cash and 0.3186 units of Choice Properties per First Capital unit, representing total consideration of $24.40 per unit. The transaction price represents a 17% premium to First Capital's 20-day volume-weighted average price and an 8% premium to the company's net asset value of $22.57 per unit.</p> <p>Choice Properties will acquire approximately $5.0 billion of retail assets from http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html Thu, 16 Apr 2026 07:21:31 -0400 6HC A.09357301 A.19658497 A.25316154 A.27924293 A.29121832 A.32383221 A.34958389 A.39759759 CHP.UN FCR.UN GWL O.00004430 O.00159417 O.00170806 O.00673984 O.00787920 O.05948807 O.16007241 O.22382076 O.22482594 O.48260231 Z0H http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html <p>First Capital REIT (TSX: FCR.UN) announced it has entered into an agreement to be acquired by KingSett Capital and Choice Properties REIT (TSX: CHP.UN) in a transaction valued at approximately $9.4 billion, including assumed debt.</p> <p>Under the arrangement, First Capital unitholders will receive $19.24 in cash and 0.3186 units of Choice Properties per First Capital unit, representing total consideration of $24.40 per unit. The transaction price represents a 17% premium to First Capital's 20-day volume-weighted average price and an 8% premium to the company's net asset value of $22.57 per unit.</p> <p>Choice Properties will acquire approximately $5.0 billion of retail assets from http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html Thu, 16 Apr 2026 07:21:31 -0400 6HC A.09357301 A.19658497 A.25316154 A.27924293 A.29121832 A.32383221 A.34958389 A.39759759 CHP.UN FCR.UN GWL O.00004430 O.00159417 O.00170806 O.00673984 O.00787920 O.05948807 O.16007241 O.22382076 O.22482594 O.48260231 Z0H http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html <p>First Capital REIT (TSX: FCR.UN) announced it has entered into an agreement to be acquired by KingSett Capital and Choice Properties REIT (TSX: CHP.UN) in a transaction valued at approximately $9.4 billion, including assumed debt.</p> <p>Under the arrangement, First Capital unitholders will receive $19.24 in cash and 0.3186 units of Choice Properties per First Capital unit, representing total consideration of $24.40 per unit. The transaction price represents a 17% premium to First Capital's 20-day volume-weighted average price and an 8% premium to the company's net asset value of $22.57 per unit.</p> <p>Choice Properties will acquire approximately $5.0 billion of retail assets from http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html Thu, 16 Apr 2026 07:21:31 -0400 6HC A.09357301 A.19658497 A.25316154 A.27924293 A.29121832 A.32383221 A.34958389 A.39759759 CHP.UN FCR.UN GWL O.00004430 O.00159417 O.00170806 O.00673984 O.00787920 O.05948807 O.16007241 O.22382076 O.22482594 O.48260231 Z0H http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html <p>First Capital REIT (TSX: FCR.UN) announced it has entered into an agreement to be acquired by KingSett Capital and Choice Properties REIT (TSX: CHP.UN) in a transaction valued at approximately $9.4 billion, including assumed debt.</p> <p>Under the arrangement, First Capital unitholders will receive $19.24 in cash and 0.3186 units of Choice Properties per First Capital unit, representing total consideration of $24.40 per unit. The transaction price represents a 17% premium to First Capital's 20-day volume-weighted average price and an 8% premium to the company's net asset value of $22.57 per unit.</p> <p>Choice Properties will acquire approximately $5.0 billion of retail assets from http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html Thu, 16 Apr 2026 07:21:31 -0400 6HC A.09357301 A.19658497 A.25316154 A.27924293 A.29121832 A.32383221 A.34958389 A.39759759 CHP.UN FCR.UN GWL O.00004430 O.00159417 O.00170806 O.00673984 O.00787920 O.05948807 O.16007241 O.22382076 O.22482594 O.48260231 Z0H http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html <p>First Capital REIT (TSX: FCR.UN) announced it has entered into an agreement to be acquired by KingSett Capital and Choice Properties REIT (TSX: CHP.UN) in a transaction valued at approximately $9.4 billion, including assumed debt.</p> <p>Under the arrangement, First Capital unitholders will receive $19.24 in cash and 0.3186 units of Choice Properties per First Capital unit, representing total consideration of $24.40 per unit. The transaction price represents a 17% premium to First Capital's 20-day volume-weighted average price and an 8% premium to the company's net asset value of $22.57 per unit.</p> <p>Choice Properties will acquire approximately $5.0 billion of retail assets from http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html Thu, 16 Apr 2026 07:21:31 -0400 6HC A.09357301 A.19658497 A.25316154 A.27924293 A.29121832 A.32383221 A.34958389 A.39759759 CHP.UN FCR.UN GWL O.00004430 O.00159417 O.00170806 O.00673984 O.00787920 O.05948807 O.16007241 O.22382076 O.22482594 O.48260231 Z0H http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html <p>First Capital REIT (TSX: FCR.UN) announced it has entered into an agreement to be acquired by KingSett Capital and Choice Properties REIT (TSX: CHP.UN) in a transaction valued at approximately $9.4 billion, including assumed debt.</p> <p>Under the arrangement, First Capital unitholders will receive $19.24 in cash and 0.3186 units of Choice Properties per First Capital unit, representing total consideration of $24.40 per unit. The transaction price represents a 17% premium to First Capital's 20-day volume-weighted average price and an 8% premium to the company's net asset value of $22.57 per unit.</p> <p>Choice Properties will acquire approximately $5.0 billion of retail assets from http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html Thu, 16 Apr 2026 07:21:31 -0400 6HC A.09357301 A.19658497 A.25316154 A.27924293 A.29121832 A.32383221 A.34958389 A.39759759 CHP.UN FCR.UN GWL O.00004430 O.00159417 O.00170806 O.00673984 O.00787920 O.05948807 O.16007241 O.22382076 O.22482594 O.48260231 Z0H http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html <p>First Capital REIT (TSX: FCR.UN) announced it has entered into an agreement to be acquired by KingSett Capital and Choice Properties REIT (TSX: CHP.UN) in a transaction valued at approximately $9.4 billion, including assumed debt.</p> <p>Under the arrangement, First Capital unitholders will receive $19.24 in cash and 0.3186 units of Choice Properties per First Capital unit, representing total consideration of $24.40 per unit. The transaction price represents a 17% premium to First Capital's 20-day volume-weighted average price and an 8% premium to the company's net asset value of $22.57 per unit.</p> <p>Choice Properties will acquire approximately $5.0 billion of retail assets from http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html Thu, 16 Apr 2026 07:21:31 -0400 6HC A.09357301 A.19658497 A.25316154 A.27924293 A.29121832 A.32383221 A.34958389 A.39759759 CHP.UN FCR.UN GWL O.00004430 O.00159417 O.00170806 O.00673984 O.00787920 O.05948807 O.16007241 O.22382076 O.22482594 O.48260231 Z0H http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html <p>First Capital REIT (TSX: FCR.UN) announced it has entered into an agreement to be acquired by KingSett Capital and Choice Properties REIT (TSX: CHP.UN) in a transaction valued at approximately $9.4 billion, including assumed debt.</p> <p>Under the arrangement, First Capital unitholders will receive $19.24 in cash and 0.3186 units of Choice Properties per First Capital unit, representing total consideration of $24.40 per unit. The transaction price represents a 17% premium to First Capital's 20-day volume-weighted average price and an 8% premium to the company's net asset value of $22.57 per unit.</p> <p>Choice Properties will acquire approximately $5.0 billion of retail assets from http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html Thu, 16 Apr 2026 07:21:31 -0400 6HC A.09357301 A.19658497 A.25316154 A.27924293 A.29121832 A.32383221 A.34958389 A.39759759 CHP.UN FCR.UN GWL O.00004430 O.00159417 O.00170806 O.00673984 O.00787920 O.05948807 O.16007241 O.22382076 O.22482594 O.48260231 Z0H http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html <p>First Capital REIT (TSX: FCR.UN) announced it has entered into an agreement to be acquired by KingSett Capital and Choice Properties REIT (TSX: CHP.UN) in a transaction valued at approximately $9.4 billion, including assumed debt.</p> <p>Under the arrangement, First Capital unitholders will receive $19.24 in cash and 0.3186 units of Choice Properties per First Capital unit, representing total consideration of $24.40 per unit. The transaction price represents a 17% premium to First Capital's 20-day volume-weighted average price and an 8% premium to the company's net asset value of $22.57 per unit.</p> <p>Choice Properties will acquire approximately $5.0 billion of retail assets from http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html Thu, 16 Apr 2026 07:21:31 -0400 6HC A.09357301 A.19658497 A.25316154 A.27924293 A.29121832 A.32383221 A.34958389 A.39759759 CHP.UN FCR.UN GWL O.00004430 O.00159417 O.00170806 O.00673984 O.00787920 O.05948807 O.16007241 O.22382076 O.22482594 O.48260231 Z0H http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html <p>First Capital REIT (TSX: FCR.UN) announced it has entered into an agreement to be acquired by KingSett Capital and Choice Properties REIT (TSX: CHP.UN) in a transaction valued at approximately $9.4 billion, including assumed debt.</p> <p>Under the arrangement, First Capital unitholders will receive $19.24 in cash and 0.3186 units of Choice Properties per First Capital unit, representing total consideration of $24.40 per unit. The transaction price represents a 17% premium to First Capital's 20-day volume-weighted average price and an 8% premium to the company's net asset value of $22.57 per unit.</p> <p>Choice Properties will acquire approximately $5.0 billion of retail assets from http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html Thu, 16 Apr 2026 07:21:31 -0400 6HC A.09357301 A.19658497 A.25316154 A.27924293 A.29121832 A.32383221 A.34958389 A.39759759 CHP.UN FCR.UN GWL O.00004430 O.00159417 O.00170806 O.00673984 O.00787920 O.05948807 O.16007241 O.22382076 O.22482594 O.48260231 Z0H http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html <p>First Capital REIT (TSX: FCR.UN) announced it has entered into an agreement to be acquired by KingSett Capital and Choice Properties REIT (TSX: CHP.UN) in a transaction valued at approximately $9.4 billion, including assumed debt.</p> <p>Under the arrangement, First Capital unitholders will receive $19.24 in cash and 0.3186 units of Choice Properties per First Capital unit, representing total consideration of $24.40 per unit. The transaction price represents a 17% premium to First Capital's 20-day volume-weighted average price and an 8% premium to the company's net asset value of $22.57 per unit.</p> <p>Choice Properties will acquire approximately $5.0 billion of retail assets from http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html Thu, 16 Apr 2026 07:21:31 -0400 6HC A.09357301 A.19658497 A.25316154 A.27924293 A.29121832 A.32383221 A.34958389 A.39759759 CHP.UN FCR.UN GWL O.00004430 O.00159417 O.00170806 O.00673984 O.00787920 O.05948807 O.16007241 O.22382076 O.22482594 O.48260231 Z0H http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html <p>First Capital REIT (TSX: FCR.UN) announced it has entered into an agreement to be acquired by KingSett Capital and Choice Properties REIT (TSX: CHP.UN) in a transaction valued at approximately $9.4 billion, including assumed debt.</p> <p>Under the arrangement, First Capital unitholders will receive $19.24 in cash and 0.3186 units of Choice Properties per First Capital unit, representing total consideration of $24.40 per unit. The transaction price represents a 17% premium to First Capital's 20-day volume-weighted average price and an 8% premium to the company's net asset value of $22.57 per unit.</p> <p>Choice Properties will acquire approximately $5.0 billion of retail assets from http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html Thu, 16 Apr 2026 07:21:31 -0400 6HC A.09357301 A.19658497 A.25316154 A.27924293 A.29121832 A.32383221 A.34958389 A.39759759 CHP.UN FCR.UN GWL O.00004430 O.00159417 O.00170806 O.00673984 O.00787920 O.05948807 O.16007241 O.22382076 O.22482594 O.48260231 Z0H http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html <p>First Capital REIT (TSX: FCR.UN) announced it has entered into an agreement to be acquired by KingSett Capital and Choice Properties REIT (TSX: CHP.UN) in a transaction valued at approximately $9.4 billion, including assumed debt.</p> <p>Under the arrangement, First Capital unitholders will receive $19.24 in cash and 0.3186 units of Choice Properties per First Capital unit, representing total consideration of $24.40 per unit. The transaction price represents a 17% premium to First Capital's 20-day volume-weighted average price and an 8% premium to the company's net asset value of $22.57 per unit.</p> <p>Choice Properties will acquire approximately $5.0 billion of retail assets from http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html Thu, 16 Apr 2026 07:21:31 -0400 6HC A.09357301 A.19658497 A.25316154 A.27924293 A.29121832 A.32383221 A.34958389 A.39759759 CHP.UN FCR.UN GWL O.00004430 O.00159417 O.00170806 O.00673984 O.00787920 O.05948807 O.16007241 O.22382076 O.22482594 O.48260231 Z0H http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html <p>First Capital REIT (TSX: FCR.UN) announced it has entered into an agreement to be acquired by KingSett Capital and Choice Properties REIT (TSX: CHP.UN) in a transaction valued at approximately $9.4 billion, including assumed debt.</p> <p>Under the arrangement, First Capital unitholders will receive $19.24 in cash and 0.3186 units of Choice Properties per First Capital unit, representing total consideration of $24.40 per unit. The transaction price represents a 17% premium to First Capital's 20-day volume-weighted average price and an 8% premium to the company's net asset value of $22.57 per unit.</p> <p>Choice Properties will acquire approximately $5.0 billion of retail assets from http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html Thu, 16 Apr 2026 07:21:31 -0400 6HC A.09357301 A.19658497 A.25316154 A.27924293 A.29121832 A.32383221 A.34958389 A.39759759 CHP.UN FCR.UN GWL O.00004430 O.00159417 O.00170806 O.00673984 O.00787920 O.05948807 O.16007241 O.22382076 O.22482594 O.48260231 Z0H http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html <p>First Capital REIT (TSX: FCR.UN) announced it has entered into an agreement to be acquired by KingSett Capital and Choice Properties REIT (TSX: CHP.UN) in a transaction valued at approximately $9.4 billion, including assumed debt.</p> <p>Under the arrangement, First Capital unitholders will receive $19.24 in cash and 0.3186 units of Choice Properties per First Capital unit, representing total consideration of $24.40 per unit. The transaction price represents a 17% premium to First Capital's 20-day volume-weighted average price and an 8% premium to the company's net asset value of $22.57 per unit.</p> <p>Choice Properties will acquire approximately $5.0 billion of retail assets from http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html Thu, 16 Apr 2026 07:21:31 -0400 6HC A.09357301 A.19658497 A.25316154 A.27924293 A.29121832 A.32383221 A.34958389 A.39759759 CHP.UN FCR.UN GWL O.00004430 O.00159417 O.00170806 O.00673984 O.00787920 O.05948807 O.16007241 O.22382076 O.22482594 O.48260231 Z0H http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html <p>First Capital REIT (TSX: FCR.UN) announced it has entered into an agreement to be acquired by KingSett Capital and Choice Properties REIT (TSX: CHP.UN) in a transaction valued at approximately $9.4 billion, including assumed debt.</p> <p>Under the arrangement, First Capital unitholders will receive $19.24 in cash and 0.3186 units of Choice Properties per First Capital unit, representing total consideration of $24.40 per unit. The transaction price represents a 17% premium to First Capital's 20-day volume-weighted average price and an 8% premium to the company's net asset value of $22.57 per unit.</p> <p>Choice Properties will acquire approximately $5.0 billion of retail assets from http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html Thu, 16 Apr 2026 07:21:31 -0400 6HC A.09357301 A.19658497 A.25316154 A.27924293 A.29121832 A.32383221 A.34958389 A.39759759 CHP.UN FCR.UN GWL O.00004430 O.00159417 O.00170806 O.00673984 O.00787920 O.05948807 O.16007241 O.22382076 O.22482594 O.48260231 Z0H http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html <p>First Capital REIT (TSX: FCR.UN) announced it has entered into an agreement to be acquired by KingSett Capital and Choice Properties REIT (TSX: CHP.UN) in a transaction valued at approximately $9.4 billion, including assumed debt.</p> <p>Under the arrangement, First Capital unitholders will receive $19.24 in cash and 0.3186 units of Choice Properties per First Capital unit, representing total consideration of $24.40 per unit. The transaction price represents a 17% premium to First Capital's 20-day volume-weighted average price and an 8% premium to the company's net asset value of $22.57 per unit.</p> <p>Choice Properties will acquire approximately $5.0 billion of retail assets from http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html Thu, 16 Apr 2026 07:21:31 -0400 6HC A.09357301 A.19658497 A.25316154 A.27924293 A.29121832 A.32383221 A.34958389 A.39759759 CHP.UN FCR.UN GWL O.00004430 O.00159417 O.00170806 O.00673984 O.00787920 O.05948807 O.16007241 O.22382076 O.22482594 O.48260231 Z0H http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html <p>First Capital REIT (TSX: FCR.UN) announced it has entered into an agreement to be acquired by KingSett Capital and Choice Properties REIT (TSX: CHP.UN) in a transaction valued at approximately $9.4 billion, including assumed debt.</p> <p>Under the arrangement, First Capital unitholders will receive $19.24 in cash and 0.3186 units of Choice Properties per First Capital unit, representing total consideration of $24.40 per unit. The transaction price represents a 17% premium to First Capital's 20-day volume-weighted average price and an 8% premium to the company's net asset value of $22.57 per unit.</p> <p>Choice Properties will acquire approximately $5.0 billion of retail assets from http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html Thu, 16 Apr 2026 07:21:31 -0400 6HC A.09357301 A.19658497 A.25316154 A.27924293 A.29121832 A.32383221 A.34958389 A.39759759 CHP.UN FCR.UN GWL O.00004430 O.00159417 O.00170806 O.00673984 O.00787920 O.05948807 O.16007241 O.22382076 O.22482594 O.48260231 Z0H http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html <p>First Capital REIT (TSX: FCR.UN) announced it has entered into an agreement to be acquired by KingSett Capital and Choice Properties REIT (TSX: CHP.UN) in a transaction valued at approximately $9.4 billion, including assumed debt.</p> <p>Under the arrangement, First Capital unitholders will receive $19.24 in cash and 0.3186 units of Choice Properties per First Capital unit, representing total consideration of $24.40 per unit. The transaction price represents a 17% premium to First Capital's 20-day volume-weighted average price and an 8% premium to the company's net asset value of $22.57 per unit.</p> <p>Choice Properties will acquire approximately $5.0 billion of retail assets from http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html Thu, 16 Apr 2026 07:21:31 -0400 6HC A.09357301 A.19658497 A.25316154 A.27924293 A.29121832 A.32383221 A.34958389 A.39759759 CHP.UN FCR.UN GWL O.00004430 O.00159417 O.00170806 O.00673984 O.00787920 O.05948807 O.16007241 O.22382076 O.22482594 O.48260231 Z0H http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html <p>First Capital REIT (TSX: FCR.UN) announced it has entered into an agreement to be acquired by KingSett Capital and Choice Properties REIT (TSX: CHP.UN) in a transaction valued at approximately $9.4 billion, including assumed debt.</p> <p>Under the arrangement, First Capital unitholders will receive $19.24 in cash and 0.3186 units of Choice Properties per First Capital unit, representing total consideration of $24.40 per unit. The transaction price represents a 17% premium to First Capital's 20-day volume-weighted average price and an 8% premium to the company's net asset value of $22.57 per unit.</p> <p>Choice Properties will acquire approximately $5.0 billion of retail assets from http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html Thu, 16 Apr 2026 07:21:31 -0400 6HC A.09357301 A.19658497 A.25316154 A.27924293 A.29121832 A.32383221 A.34958389 A.39759759 CHP.UN FCR.UN GWL O.00004430 O.00159417 O.00170806 O.00673984 O.00787920 O.05948807 O.16007241 O.22382076 O.22482594 O.48260231 Z0H http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html <p>First Capital REIT (TSX: FCR.UN) announced it has entered into an agreement to be acquired by KingSett Capital and Choice Properties REIT (TSX: CHP.UN) in a transaction valued at approximately $9.4 billion, including assumed debt.</p> <p>Under the arrangement, First Capital unitholders will receive $19.24 in cash and 0.3186 units of Choice Properties per First Capital unit, representing total consideration of $24.40 per unit. The transaction price represents a 17% premium to First Capital's 20-day volume-weighted average price and an 8% premium to the company's net asset value of $22.57 per unit.</p> <p>Choice Properties will acquire approximately $5.0 billion of retail assets from http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html Thu, 16 Apr 2026 07:21:31 -0400 6HC A.09357301 A.19658497 A.25316154 A.27924293 A.29121832 A.32383221 A.34958389 A.39759759 CHP.UN FCR.UN GWL O.00004430 O.00159417 O.00170806 O.00673984 O.00787920 O.05948807 O.16007241 O.22382076 O.22482594 O.48260231 Z0H http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html <p>First Capital REIT (TSX: FCR.UN) announced it has entered into an agreement to be acquired by KingSett Capital and Choice Properties REIT (TSX: CHP.UN) in a transaction valued at approximately $9.4 billion, including assumed debt.</p> <p>Under the arrangement, First Capital unitholders will receive $19.24 in cash and 0.3186 units of Choice Properties per First Capital unit, representing total consideration of $24.40 per unit. The transaction price represents a 17% premium to First Capital's 20-day volume-weighted average price and an 8% premium to the company's net asset value of $22.57 per unit.</p> <p>Choice Properties will acquire approximately $5.0 billion of retail assets from http://www.streetinsider.com/Mergers+and+Acquisitions/KingSett+Capital+and+Choice+Properties+to+acquire+First+Capital+REIT+for+%249.4+billion/26321139.html Thu, 16 Apr 2026 07:21:31 -0400 6HC A.09357301 A.19658497 A.25316154 A.27924293 A.29121832 A.32383221 A.34958389 A.39759759 CHP.UN FCR.UN GWL O.00004430 O.00159417 O.00170806 O.00673984 O.00787920 O.05948807 O.16007241 O.22382076 O.22482594 O.48260231 Z0H http://www.streetinsider.com/Press+Releases/First+Capital+REIT+Enters+Into+Agreement+to+Be+Acquired+by+KingSett+Capital+and+Choice+Properties+REIT+in+%249.4+Billion+Transaction/26321136.html <ul class="bwlistdisc"> <li> Transaction maximizes value and provides immediate liquidity for First Capital unitholders </li> <li> Total consideration of $24.40 per unit represents a premium of 17% to First Capital's 20-day volume-weighted average price and a premium of 8% to First Capital's Net Asset Value of $22.57 per unit </li> <li> Transaction received unanimous support from the First Capital Board of Trustees, which recommends First Capital unitholders vote IN FAVOUR of the Transaction </li> <li> The First Capital Board of Trustees and the First Capital Special Committee have obtained fairness opinions from RBC Capital Markets and National Bank Capital Markets </li> <li> KingSett to acquire First Capital’s issued and outstanding units, including approximately $4.4 http://www.streetinsider.com/Press+Releases/First+Capital+REIT+Enters+Into+Agreement+to+Be+Acquired+by+KingSett+Capital+and+Choice+Properties+REIT+in+%249.4+Billion+Transaction/26321136.html Thu, 16 Apr 2026 07:21:00 -0400 6HC A.09357301 A.19658497 A.25316154 A.27924293 A.29121832 A.32383221 A.34958389 A.39759759 CHP.UN FCR.UN GWL O.00004430 O.00159417 O.00170806 O.00673984 O.00787920 O.05948807 O.16007241 O.22382076 O.22482594 O.48260231 Z0H http://www.streetinsider.com/Press+Releases/First+Capital+REIT+Enters+Into+Agreement+to+Be+Acquired+by+KingSett+Capital+and+Choice+Properties+REIT+in+%249.4+Billion+Transaction/26321136.html <ul class="bwlistdisc"> <li> Transaction maximizes value and provides immediate liquidity for First Capital unitholders </li> <li> Total consideration of $24.40 per unit represents a premium of 17% to First Capital's 20-day volume-weighted average price and a premium of 8% to First Capital's Net Asset Value of $22.57 per unit </li> <li> Transaction received unanimous support from the First Capital Board of Trustees, which recommends First Capital unitholders vote IN FAVOUR of the Transaction </li> <li> The First Capital Board of Trustees and the First Capital Special Committee have obtained fairness opinions from RBC Capital Markets and National Bank Capital Markets </li> <li> KingSett to acquire First Capital’s issued and outstanding units, including approximately $4.4 http://www.streetinsider.com/Press+Releases/First+Capital+REIT+Enters+Into+Agreement+to+Be+Acquired+by+KingSett+Capital+and+Choice+Properties+REIT+in+%249.4+Billion+Transaction/26321136.html Thu, 16 Apr 2026 07:21:00 -0400 6HC A.09357301 A.19658497 A.25316154 A.27924293 A.29121832 A.32383221 A.34958389 A.39759759 CHP.UN FCR.UN GWL O.00004430 O.00159417 O.00170806 O.00673984 O.00787920 O.05948807 O.16007241 O.22382076 O.22482594 O.48260231 Z0H