SIR Corp. makes offer to take SIR Royalty Income Fund private in $30M deal
by The Canadian Press
Last Updated Jan 6, 2021 at 12:28 pm EDT
TORONTO SIR Corp. says it has made an offer to take the SIR Royalty Income Fund private in a deal worth about $30 million.
The company, which runs Jack Astor’s Bar and Grill as well as other restaurants, says it has made a non-binding proposal to the fund at a price of $3.55 per unit.
Trading in SIR Royalty Income Fund units was halted ahead of the news of the offer. The units last traded for $3.70 before trading was stopped on the Toronto Stock Exchange.
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