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DHC, OPI Terminate Merger Deal
Diversified Healthcare Trust (DHC) and Office Properties Income Trust (OPI) have mutually agreed to terminate their previously announced merger agreement.
The agreement, which was dated April 11, 2023, involved OPI acquiring all outstanding common shares of DHC. As a result of the termination, both companies have canceled their respective Special Meetings of Shareholders scheduled for September 6, 2023.
The decision to terminate the merger agreement was approved by the Special Committees and Boards of Trustees of OPI and DHC. It has been agreed that each company will bear its own costs and expenses related to the terminated transaction, and no termination fee will be paid as a result of the mutual decision to terminate the merger agreement.
- ◦Sale/Acquisition
