Axia Real Assets LP launched a hostile $560 million bid to take Plaza Retail Real Estate Investment Trust (PLZ-UN-T) private. The move is part of a broader wave of takeovers targeting publicly traded REITs. Likely to affect Plaza Retail’s trading and re-rate deal risk and bid expectations in the REIT sector.
Axia Real Assets LP launched a hostile $560 million bid to take Plaza Retail Real Estate Investment Trust (PLZ-UN-T) private. The move is part of a broader wave of takeovers targeting publicly traded REITs. Likely to affect Plaza Retail’s trading and re-rate deal risk and bid expectations in the REIT sector.
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