Street Calls of the Week
LONDON - PRS REIT plc confirmed Monday that Kohlberg Kravis Roberts & Co. L.P. (KKR) is participating in the company’s ongoing Strategic Review and Formal Sale Process, following recent press speculation.
The real estate investment trust clarified that KKR, acting as adviser to its affiliated investment funds and separately managed accounts, has not yet made a formal offer for the company. PRS REIT emphasized that there is no certainty an offer will be made or what terms might be proposed.
The company also confirmed that Long Harbour has maintained its possible offer announced on June 11, 2025, which remains subject to financing and due diligence conditions.
PRS REIT’s Strategic Review and Formal Sale Process, which began in October 2024, received a dispensation from the Takeover Panel regarding the standard 28-day deadline requirement under Rule 2.6(a) of the Takeover Code. This exemption allows participating parties to continue discussions without the typical time constraints.
The announcement, made without consent from either KKR or Long Harbour, comes as PRS REIT evaluates strategic options. The company stated that further announcements will be made as developments occur.
This statement was issued by PRS REIT in response to market speculation and is based on information contained in a company press release.
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