Get 40% Off
🔥 This hedge fund gained 26.16% in the last month. Get their top stocks with our free stock ideas tool.See stock ideas

Starwood Waypoint Homes Shareholders Approve Merger with Invitation Homes

Published 11/14/2017, 02:31 PM
© Reuters.  Starwood Waypoint Homes Shareholders Approve Merger with Invitation Homes
SFR
-
INVH
-
  • Starwood Waypoint Homes (NYSE:SFR) shareholders approved the company’s merger with and into a subsidiary of Invitation Homes Inc . in a stock-for-stock transaction.
  • The Merger is expected to close on or about Nov.16, 2017, subject to customary closing conditions. As a result of the Merger, each Starwood Waypoint Homes common share will be converted into 1.6140 shares of Invitation Homes common stock. Invitation Homes’ common stock will continue to trade on the New York Stock Exchange under its existing ticker symbol (NYSE:INVH).
  • CEO Fred Tuomi: “Bringing together our two companies is a win-win for our residents and investors, This merger will allow us to more efficiently deliver enhanced customer service and expanded housing choices to families looking to rent high-quality homes in our local communities.”
  • Now read: New Dividend Guiding For 20% Increase


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.