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Tricon Capital to buy Silver Bay for $1.4 bln

Feb 27, 2017 - peHUB

Tricon Capital Group Inc has agreed to acquire Silver Bay Realty Trust Corp for $1.4 billion. According to terms of the deal, Silver Bay stockholders will receive $21.50 per share in cash. Orrick advised Silver Bay on the deal. Based in Maryland, Silver Bay is focused on acquiring, renovating, leasing and managing single-family properties for rental income and long-term capital appreciation.

PRESS RELEASE

February 27, 2017 – Orrick has advised Silver Bay Realty Trust Corp. in its $...