Centerbridge Partners

Garrett Motion Announces Preliminary Results for First Quarter 2023 and Increases 2023 Outlook

Retrieved on: 
Monday, April 17, 2023

The Company will announce its first quarter results in full before markets open on April 24, 2023.

Key Points: 
  • The Company will announce its first quarter results in full before markets open on April 24, 2023.
  • The Company will provide its first quarter 2023 results and outlook for 2023 as part of its earnings release and conference call on April 24, 2023.
  • This press release does not contain all the necessary information for an understanding of the Company’s results of operations for the first quarter of 2023.
  • The Company undertakes no obligation to, and does not intend to, update financial information prior to the release of final first quarter 2023 financial information currently scheduled for April 24, 2023.

Garrett Motion Reaches Agreements with Centerbridge and Oaktree to Transform Capital Structure

Retrieved on: 
Thursday, April 13, 2023

“I am pleased we have reached agreements with Centerbridge and Oaktree to simplify our capital structure.

Key Points: 
  • “I am pleased we have reached agreements with Centerbridge and Oaktree to simplify our capital structure.
  • The Board strongly believes that this will provide more financial flexibility to Garrett in the future and benefit all shareholders.
  • Centerbridge and Oaktree have been great partners to Garrett and its management team.
  • This transaction provides Garrett with additional flexibility to pursue a broad range of capital allocation options,” said Kevin Mahony, Managing Director at Centerbridge.

ALERT: The M&A Class Action Firm Continues Investigating the Merger – CNXC, INDT, HSKA, ADAP

Retrieved on: 
Wednesday, April 12, 2023

Under the terms of the agreement, CNXC shareholders are expected to own approximately 78% of the combined company.

Key Points: 
  • Under the terms of the agreement, CNXC shareholders are expected to own approximately 78% of the combined company.
  • INDUS Realty Trust, Inc. (NASDAQ: INDT ), relating to its proposed sale to affiliates of Centerbridge Partners, L.P. and GIC Real Estate, Inc..
  • Adaptimmune Therapeutics plc (NASDAQ: ADAP ), relating to its proposed merger with TCR² Therapeutics Inc.
  • Under the terms of the agreement, ADAP shareholders are expected to own approximately 75% of the combined company.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates INDT, DHC, OPI

Retrieved on: 
Wednesday, April 12, 2023

Diversified Healthcare Trust (NASDAQ: DHC)’s sale to Office Properties Income Trust for 0.147 shares of Office Properties for each common share of Diversified Healthcare.

Key Points: 
  • Diversified Healthcare Trust (NASDAQ: DHC)’s sale to Office Properties Income Trust for 0.147 shares of Office Properties for each common share of Diversified Healthcare.
  • If you are a Diversified Healthcare shareholder, click here to learn more about your rights and options .
  • Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected] .
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

STOCKHOLDER ALERT: The M&A Class Action Firm Continues Investigating the Merger – PTRS, TIG, FOCS, INDT

Retrieved on: 
Wednesday, April 5, 2023

Under the terms of the agreement, PTRS shareholders are expected to receive 1.15 shares of LINKBANCORP stock per share they own.

Key Points: 
  • Under the terms of the agreement, PTRS shareholders are expected to receive 1.15 shares of LINKBANCORP stock per share they own.
  • Under the terms of the agreement, TIG shareholders are expected to receive $6.15 in cash per share they own.
  • INDUS Realty Trust, Inc. (NASDAQ: INDT ), relating to its proposed sale to affiliates of Centerbridge Partners, L.P. and GIC Real Estate, Inc..
  • Under the terms of the agreement, INDT shareholders are expected to receive $67.00 in cash per share they own.

INDUS Files Preliminary Proxy Statement

Retrieved on: 
Friday, March 31, 2023

In addition, Centerbridge has informed INDUS that, in connection with signing of the definitive merger agreement, a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) has agreed to become a strategic investor alongside Centerbridge in the ownership of INDUS post-closing.

Key Points: 
  • In addition, Centerbridge has informed INDUS that, in connection with signing of the definitive merger agreement, a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) has agreed to become a strategic investor alongside Centerbridge in the ownership of INDUS post-closing.
  • The preliminary proxy statement contains important information including the background of, and reasons for, the proposed transaction.
  • Michael Gamzon, President and CEO of INDUS, commented, “We are pleased to have filed the preliminary proxy and continue on our path to closing the merger.
  • As a high-quality industrial portfolio, INDUS represents another strong acquisition for GIC’s growing portfolio of investments in the U.S. industrial sector.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates INDT, FOCS, PTRS

Retrieved on: 
Thursday, March 30, 2023

If you are an INDUS shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are an INDUS shareholder, click here to learn more about your rights and options .
  • Focus Financial Partners Inc. (NASDAQ: FOCS)’s sale to affiliates of Clayton, Dubilier & Rice, LLC for $53.00 per share in cash.
  • If you are a Focus shareholder, click here to learn more about your rights and options .
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

STOCKHOLDER ALERT: The M&A Class Action Firm Continues Investigating the Merger – SUMO, INDT, PTRS, FOCS

Retrieved on: 
Wednesday, March 29, 2023

Under the terms of the agreement, SUMO shareholders are expected to receive $12.05 in cash per share they own.

Key Points: 
  • Under the terms of the agreement, SUMO shareholders are expected to receive $12.05 in cash per share they own.
  • INDUS Realty Trust, Inc. (NASDAQ: INDT ), relating to its proposed sale to affiliates of Centerbridge Partners, L.P. and GIC Real Estate, Inc..
  • Under the terms of the agreement, INDT shareholders are expected to receive $67.00 in cash per share they own.
  • Under the terms of the agreement, FOCS shareholders are expected to receive $53.00 in cash per share they own.

Moore Kuehn Encourages JNCE, USX, INDT, and BHWB Investors to Contact Law Firm

Retrieved on: 
Thursday, March 23, 2023

Moore Kuehn may seek increased consideration, additional disclosures, or other relief on behalf of the shareholders of these companies.

Key Points: 
  • Moore Kuehn may seek increased consideration, additional disclosures, or other relief on behalf of the shareholders of these companies.
  • Moore Kuehn encourages shareholders who would like to discuss their rights to contact Justin Kuehn, Esq.
  • Shareholders should contact the firm immediately as there may be limited time to enforce your rights.
  • Moore Kuehn is a 5-star Google client-rated New York City law firm with attorneys representing investors and consumers in litigation involving securities laws, fraud, breaches of fiduciary duties, and other claims.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates INDT, UNVR

Retrieved on: 
Thursday, March 23, 2023

If you are an INDUS shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are an INDUS shareholder, click here to learn more about your rights and options .
  • If you are a Univar shareholder, click here to learn more about your rights and options .
  • Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected] .
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.