City Office REIT, Inc. has announced a definitive merger agreement with MCME Carell Holdings, LP and MCME Carell Holdings, LLC, under which MCME Carell will acquire all outstanding shares of City Office for $7.00 per share in cash. The transaction is valued at approximately $1.1 billion and is expected to close in the fourth quarter of 2025, subject to customary closing conditions and shareholder approval. City Office will pay its previously announced second quarter dividend on July 24, 2025, but future quarterly common stock dividend payments will be suspended until the transaction closes. Upon completion, City Office will become a private company, and its shares will no longer trade on the NYSE.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. City Office REIT Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: NY36859) on July 24, 2025, and is solely responsible for the information contained therein.