Irenic sends letter to Independence Realty Trust board opposing proposed Centerspace acquisition
Irenic has sent a letter to the Independence Realty Trust board opposing a proposed acquisition of Centerspace and urging a sale of the company.
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Irenic opposes Independence Realty Trust's Centerspace deal, urges sale of IRT
Irenic Capital Management, which says it owns about 2% of Independence Realty Trust, sent a letter opposing the proposed acquisition of Centerspace. It says IRT should instead sell itself and intends to vote against the share issuance required to complete the transaction.