Unite Group (OTCPK:UTGPF [https://seekingalpha.com/symbol/UTGPF]) has agreed to buy Empiric Student Property (OTCPK:EPCFF [https://seekingalpha.com/symbol/EPCFF]) in a cash-and-stock deal valuing the smaller rival at 634 million pounds ($860.59 million), the companies said on Thursday.
Based on Unite’s (OTCPK:UTGPF [https://seekingalpha.com/symbol/UTGPF]) closing share price of 732 pence on Wednesday, Empiric’s shares would be valued at about 94.2 pence each under the terms of the deal, excluding dividends.
The proposed transaction contributes to a rising trend of deals in the UK REIT sector and reflects a broader uptick in takeover activity targeting British companies.
MORE ON UNITE GROUP PLC
* Historical earnings data for Unite Group PLC [https://seekingalpha.com/symbol/UTGPF/earnings]
* Dividend scorecard for Unite Group PLC [https://seekingalpha.com/symbol/UTGPF/dividends/scorecard]
* Financial information for Unite Group PLC [https://seekingalpha.com/symbol/UTGPF/income-statement]
Unite Group to acquire rival Empiric Student Property in $860 million deal
Published 2 months ago
Aug 14, 2025 at 8:12 AM
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