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 6th 2023.
The decision to terminate the merger agreement was approved by the Special Committees and Boards of Trustees from both companies. It has been mutually agreed that each company will bear its own costs and expenses related to the terminated transaction without any termination fee being paid as a consequence thereof.
SEO Friendly: Diversified Healthcare Trust (DHC) and Office Properties Income Trust (OPI) recently concluded an accord in order to end their proposed merger deal that had been initially declared on April 11th 2023 with OPI intendedly purchasing all existing common shares held by DHC . Consequently , due consideration given ,both firms cancelled out respective shareholder meetings slated for September 6th 2023 .
The resolution made by either firm’s special committees & boards were accepted unanimously thus leading them into concurrence where they would be responsible for covering up individual expenditures incurred during this process without having any sort of penalty imposed upon it .
