Centerspace to merge with Independence Realty in all-stock deal
Centerspace entered an Agreement and Plan of Merger with Independence Realty Trust. Each Centerspace share will convert into 3.8 shares of Independence Realty common stock, with cash in lieu of fractional shares.
Centerspace said it has entered into an Agreement and Plan of Merger with Independence Realty Trust in an all-stock transaction. 8 shares of Independence Realty common stock, with cash paid in lieu of fractional shares. The plan also includes a follow-on partnership merger.