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NRE NorthStar Realty Europe Corp

17.02
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
NorthStar Realty Europe Corp NYSE:NRE NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 17.02 0 01:00:00

AXA Investment Managers to Buy NorthStar Realty Europe

04/07/2019 12:59am

Dow Jones News


NorthStar Realty Europe (NYSE:NRE)
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From Apr 2019 to Apr 2024

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   By Josh Beckerman 
 

Real-estate investor AXA Investment Managers, part of French insurer AXA (AXAHY, CS.FR), has agreed to buy NorthStar Realty Europe Corp. (NRE).

NorthStar said the estimated per-share value of $17.03 represents a 16.4% premium to its unaffected closing stock price of $14.63 on Nov. 6, before the company said it would review strategic alternatives. The exact value will reflect foreign exchange rates.

NorthStar said the review process included "a wide group of potential buyers."

For AXA IM, the deal provides "a rare opportunity to secure a significant portfolio of prime modern offices located in the major cities of Europe's largest economies of France, the U.K. and Germany, in a single transaction."

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

July 03, 2019 19:44 ET (23:44 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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