MoFo and Venable work on realty merger worth $140 million
Venable represented Philadelphia-based Independence Realty Trust Inc. in its merger agreement with Trade Street Residential Inc. Per terms of the deal, Independence Realty paid about $140 million, or $3.80 per share, for Trade Street. Trade Street shareholders also received 0.4108 shares of Independence Realty common stock for each Trade Street share they owned.
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