Deal Snapshot
PACIFIC OAK STRATEGIC OPPORTUNITY REIT II, PACIFIC OAK STRATEGIC OPPORTUNITY REIT TO MERGE
Tuesday 25 February 2020

California-based Pacific Oak Strategic Opportunity REIT, Inc. has entered into a merger agreement with Pacific Oak Strategic Opportunity REIT II, Inc. in a stock-for-stock transaction, to form Pacific Oak Strategic Opportunity REIT, Inc., a USD 2.6bn REIT focussed on opportunistic real estate, the company said.
Under the terms of the merger agreement, in exchange for each share of POSOR II common stock owned, POSOR II stockholders will receive 0.9643 shares of POSOR I common stock. Upon completion of the merger, current POSOR I stockholders will own approximately 69% and current POSOR II stockholders will own approximately 31% of the combined company, on a fully diluted basis.


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Details
Date Published: 25/02/2020
Target: Pacific Oak Strategic Opportunity REIT II, Inc
Country: USA
Deal Size: 2.6bn (USD)
Sector: Construction/Real Estate
Type: Merger
Financing: Stock
Status: Agreed
Vendor:
Buyer: Pacific Oak Strategic Opportunity REIT, Inc
Buyer Advisor: Houlihan Lokey,   , Morrison and Foerster , DLA Piper
Comment:
Upon completion of the merger, current POSOR I stockholders will own approximately 69% and current POSOR II stockholders will own approximately 31% of the combined company, on a fully diluted basis.

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