Robinhood reports August 2025 customer and trading metrics
Investing.com -- British real estate investment trust PRS REIT announced Monday that U.S. private equity firm KKR has joined its formal sale process, which already includes a bid from property investor Long Harbour.
Following the announcement, PRS REIT shares climbed over 8%.
PRS REIT clarified that KKR has not yet made an offer for the company.
Long Harbour’s existing takeover proposal of £631.6 million ($852 million), received in June, remains active.
Under Long Harbour’s proposal, PRS REIT shareholders would receive 115 pence per share in cash.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.