- Brixton Capital and The Shidler Group (together, the TC Acquisition Group) intend to acquire 100% of the outstanding capital stock of Transcontinental Realty Investors (NYSE:TCI) for $44.40 per share in cash.
- The offer price represents a 30.5% premium to TCI's closing stock price of $34.0 as of September 22, 2021.
- This proposal represents a non-binding indication of interest, and the proposed transaction would be subject to the execution of mutually acceptable, negotiated, definitive transaction agreements.
- Shares of TCI +11.7% premarket.