H&R’s $4.7 Billion Breakup Faces Revolt by Major Investors
H&R Real Estate Investment Trust’s C$6.7 billion ($4.7 billion) breakup is facing a growing shareholder revolt, with some of the world’s biggest pension funds lining up against a deal that would hand a chunk of the Canadian landlord’s properties to the family of its chief executive officer.
<p>H&R Real Estate Investment Trust’s C$6.7 billion ($4.7 billion) breakup is facing a growing shareholder revolt, with some of the world’s biggest pension funds lining up against a deal that would hand a chunk of the Canadian landlord’s properties to the family of its chief executive officer.</p>