Plymouth Industrial REIT Receives Unsolicited, Non-Binding Acquisition Proposal
Plymouth Industrial REIT (NYSE: PLYM) has received an unsolicited, non-binding acquisition proposal from Sixth Street Partners. The proposal offers to acquire all outstanding PLYM shares for $24.10 per share in cash consideration.
Sixth Street currently owns approximately 9.99% of Plymouth's outstanding common stock, as disclosed in their Schedule 13D filing. Plymouth's Board of Directors will evaluate the proposal with financial advisor KeyBanc Capital Markets and legal counsel Morrison & Foerster LLP to determine the best course of action for shareholders.
Plymouth Industrial REIT (NYSE: PLYM) ha ricevuto una proposta di acquisizione non sollecitata e non vincolante da parte di Sixth Street Partners. L'offerta propone l'acquisto di tutte le azioni ordinarie in circolazione di PLYM per $24,10 per azione in contanti.
Sixth Street detiene attualmente circa il 9,99% del capitale sociale ordinario di Plymouth, come indicato nella loro comunicazione Schedule 13D. Il Consiglio di Amministrazione di Plymouth valuterà la proposta con il consulente finanziario KeyBanc Capital Markets e il legale Morrison & Foerster LLP per determinare la migliore linea d'azione per gli azionisti.
Plymouth Industrial REIT (NYSE: PLYM) ha recibido una propuesta de adquisición no solicitada y no vinculante por parte de Sixth Street Partners. La oferta propone adquirir todas las acciones en circulación de PLYM por $24,10 por acción en efectivo.
Sixth Street posee actualmente aproximadamente el 9,99% del capital social ordinario de Plymouth, según consta en su presentación Schedule 13D. La Junta Directiva de Plymouth evaluará la propuesta con el asesor financiero KeyBanc Capital Markets y el bufete Morrison & Foerster LLP para determinar la mejor opción para los accionistas.
Plymouth Industrial REIT (NYSE: PLYM)이 Sixth Street Partners로부터 비공식적이고 법적 구속력이 없는 인수 제안을 받았습니다. 해당 제안은 PLYM의 모든 발행 주식을 주당 $24.10의 현금 대가로 인수하겠다는 내용입니다.
Sixth Street는 Schedule 13D 제출서에 공개된 바와 같이 현재 Plymouth의 보통주 약 9.99%를 보유하고 있습니다. Plymouth 이사회는 주주들에게 최선의 방안을 결정하기 위해 재무 자문사 KeyBanc Capital Markets와 법률 자문 Morrison & Foerster LLP와 함께 이 제안을 검토할 예정입니다.
Plymouth Industrial REIT (NYSE: PLYM) a reçu une proposition d'acquisition non sollicitée et non contraignante de la part de Sixth Street Partners. La proposition propose d'acquérir toutes les actions en circulation de PLYM pour 24,10 $ par action en espèces.
Sixth Street détient actuellement environ 9,99 % du capital social ordinaire de Plymouth, comme indiqué dans leur déclaration Schedule 13D. Le conseil d'administration de Plymouth examinera la proposition avec le conseiller financier KeyBanc Capital Markets et le cabinet d'avocats Morrison & Foerster LLP afin de déterminer la meilleure démarche pour les actionnaires.
Plymouth Industrial REIT (NYSE: PLYM) hat ein unaufgefordertes, unverbindliches Übernahmeangebot von Sixth Street Partners erhalten. Das Angebot sieht vor, alle ausstehenden PLYM-Aktien für $24,10 je Aktie in bar zu erwerben.
Sixth Street hält derzeit etwa 9,99% der ausstehenden Stammaktien von Plymouth, wie in ihrer Schedule-13D-Meldung offengelegt. Der Verwaltungsrat von Plymouth wird das Angebot gemeinsam mit dem Finanzberater KeyBanc Capital Markets und der Rechtsberatung Morrison & Foerster LLP prüfen, um den besten Kurs für die Aktionäre zu bestimmen.
- Potential acquisition offer at $24.10 per share in cash
- Strategic interest from major investor Sixth Street Partners (9.99% stakeholder)
- Professional evaluation by Board with established financial and legal advisors
- Unsolicited and non-binding nature of the proposal creates uncertainty
- No guarantee of deal completion or final terms
BOSTON, Aug. 19, 2025 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) (the “Company” or “Plymouth”) today announced that it has received an unsolicited, non-binding proposal from Sixth Street Partners, LLC (“Sixth Street”), to acquire all of the outstanding shares of the Company’s common stock for cash consideration of
Consistent with its fiduciary duties and in consultation with its financial and legal advisors, the Company’s Board of Directors will carefully evaluate the proposal to determine the course of action it believes is in the best interests of all Plymouth shareholders. Shareholders are not required to take any action at this time.
The Company does not undertake any obligation to provide any updates with respect to this or any other proposal or transaction, except as required under applicable law.
KeyBanc Capital Markets Inc. is serving as financial advisor to Plymouth, and Morrison & Foerster LLP is serving as legal counsel.
About Plymouth
Plymouth Industrial REIT, Inc. (NYSE: PLYM) is a full service, vertically integrated real estate investment company focused on the acquisition, ownership and management of single and multi-tenant industrial properties. Our mission is to provide tenants with cost-effective space that is functional, flexible and safe.
Forward-Looking Statements
This press release includes “forward-looking statements” that are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Investors are cautioned that statements in this press release, which are not strictly historical statements, including, without limitation, statements regarding management's plans, objectives and strategies, as well as statements regarding potential proposals or transactions, constitute forward-looking statements. Such forward-looking statements are subject to a number of known and unknown risks and uncertainties that could cause actual results to differ materially from those anticipated by the forward-looking statements, many of which may be beyond our control. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “plan,” “seek,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe” or “continue” or the negative thereof or variations thereon or similar terminology. Any forward-looking information presented herein is made only as of the date of this press release, and we do not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.
Contacts:
Plymouth Industrial REIT, Inc.
Ethan Farris
IR@plymouthreit.com
FAQ
What is the acquisition offer price for Plymouth Industrial REIT (PLYM)?
How much of Plymouth Industrial REIT does Sixth Street Partners own?
Who are the advisors for Plymouth Industrial REIT's potential acquisition?
Do Plymouth Industrial REIT shareholders need to take any action regarding the acquisition proposal?
Is the Sixth Street Partners' acquisition offer for PLYM binding?
