H&R’s $4.7 Billion Breakup Faces Revolt by Major Investors

H&R Real Estate Investment Trust announced a breakup valued at C$6.7 billion ($4.7 billion) in which a portion of its properties would be transferred to the family of its chief executive officer. Major pension funds have announced opposition to the deal. As of the time of reporting, the transaction had not been completed pending shareholder approval.

• Bloomberg — H&R’s $4.7 Billion Breakup Faces Revolt by Major Investors

Next story