Silver Bay Realty Trust (SBY) Tops Q4 EPS by 10c

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Silver Bay Realty Trust Corp. Announces Agreement to Be Acquired by Tricon Capital Group Inc. in $1.4 Billion All-Cash Transaction; Reports Strong Fourth Quarter and Full Year 2016 Financial Results

February 27, 2017 4:07 PM EST

Silver Bay Agrees to be Acquired for $21.50 Per Share in Cash Representing Aggregate Enterprise Value of $1.4 Billion

Purchase Price Represents 19% Premium to February 24, 2017 Closing Price of $18.01 and 24% Premium to the 90 day trailing average price as of February 24, 20171

Reports Solid Quarterly Results Which Reflect Strong Operating Performance

NEW YORK--(BUSINESS WIRE)-- Silver Bay Realty Trust Corp. (NYSE: SBY) (the Company or Silver Bay), a single-family rental real estate investment trust (REIT), today announced that its Board of Directors has unanimously approved and... More