H&R REIT Holders Nix Sale to Blackstone and GO, Rebuking CEO
Shareholders of H&R Real Estate Investment Trust voted against a plan to break up and sell the company to buyers including Blackstone Inc., rejecting a complex deal that would have allowed the chief executive officer’s family to buy a package of assets at a discount.
<p>Shareholders of H&R Real Estate Investment Trust voted against a plan to break up and sell the company to buyers including Blackstone Inc., rejecting a complex deal that would have allowed the chief executive officer’s family to buy a package of assets at a discount.</p>