HALIFAX, NS, March 27, 2026 /CNW/ - Clarke Inc. (TSX: CKI) ("Clarke") and Ravelin Properties REIT (TSX: RPR.UN) ("Ravelin" or the "REIT") are pleased to announce that they have entered into an arrangement agreement (the "Arrangement Agreement"), pursuant to which Clarke has agreed to acquire all of the outstanding units of the REIT (the "REIT Units") and all of the REIT's outstanding 9.00% convertible unsecured subordinated debentures, 5.50% convertible unsecured subordinated debentures and 7.50% convertible unsecured subordinated debentures (collectively, the "REIT Debentures") by way of a Court (as defined below) approved plan of arrangement (the "Transaction"). The Transaction values Ravelin at $1.1 billion, including the assumption of debt, and the pro-forma entity at a combined $1.7 billion.
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CLARKE INC. ENTERS INTO AGREEMENT TO ACQUIRE RAVELIN PROPERTIES REIT
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