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LONDON - Care REIT PLC (CRT plc) has officially been delisted from the London Stock Exchange (LON:LSEG) as of Monday morning, following a successful acquisition by CR United Bidco Ltd (Bidco), a subsidiary of CareTrust REIT (NYSE:CTRE), Inc. The delisting took effect at 7:30 a.m. London time today, marking the completion of the takeover process.
On March 11, 2025, CareTrust and CRT plc announced an agreement for an all-cash acquisition by which Bidco would acquire the entire issued and to be issued ordinary share capital of CRT plc, excluding any Scheme Restricted Shares. This acquisition was structured as a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006.
The Scheme Document, published on April 2, 2025, detailed the terms and conditions of the acquisition. Following the announcement on May 9, 2025, that the Scheme had become effective, the cessation of CRT plc’s shares on the Official List was confirmed.
This transaction represents a significant consolidation in the real estate investment trust sector, with CareTrust expanding its portfolio through the acquisition of CRT plc. Investors and stakeholders of both entities have anticipated the completion of this deal since its initial announcement, culminating in today’s delisting.
The information regarding the acquisition and the subsequent delisting of CRT plc is based on a press release statement.
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