Diversified Healthcare Trust And Office Properties Income Trust Mutually Agree To Terminate Merger Agreement

Author: Happy Mohamed | September 01, 2023 04:19pm

Diversified Healthcare Trust (NASDAQ:DHC) and Office Properties Income Trust (NASDAQ:OPI) today announced that they have mutually agreed to terminate their previously announced merger agreement dated April 11, 2023, pursuant to which OPI had agreed to acquire all outstanding common shares of DHC. Accordingly, the companies have cancelled their respective Special Meetings of Shareholders scheduled for September 6, 2023.

The mutual termination was approved by the respective Special Committees and Boards of Trustees of OPI and DHC. The parties have agreed that each company will bear its costs and expenses in connection with the terminated transaction pursuant to the terms of the merger agreement, and that neither party will pay any termination fee as a result of the mutual decision to terminate the merger agreement.

Posted In: DHC OPI