07:23 AM EST, 11/09/2026 (MT Newswires) -- Irish Residential Properties REIT (IRES.IR) agreed to Baring International Investment-backed Ireland Residential Holdings' takeover offer of 1.386 euros per share, according to a Monday filing. The offer comprises an upfront cash payment of 1.3651 euros and a 0.0209 euros dividend per share. It represents a 30.8% premium to the real estate investment trust's closing share price on Sept. 25, and values its overall share capital at 731 million euros, on a fully diluted basis. Irish Residential Properties' board considers the proposal as "fair and reasonable" and intends to unanimously recommend that shareholders vote in favor of the offer. The takeover will be carried out through a scheme of arrangement, which is expected to take effect in the first quarter of 2027, subject to shareholder approval, regulatory clearances, and sanction by the High Court.

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