Indus Announces Receipt Of Committee On Foreign Investment In The United States Approval
Portfolio Pulse from Benzinga Newsdesk
INDUS Realty Trust (NASDAQ:INDT) has received approval from the Committee on Foreign Investment in the United States (CFIUS) for its merger with IR Parent, LLC and IR Merger Sub II, Inc. All regulatory approvals have been received, and the merger is expected to close on June 29, 2023.
June 23, 2023 | 12:36 pm
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INDUS Realty Trust's merger with IR Parent, LLC and IR Merger Sub II, Inc. has received CFIUS approval, with the transaction expected to close on June 29, 2023.
The CFIUS approval is a significant milestone for the merger, as it indicates that all regulatory approvals have been received. This removes a major hurdle for the transaction and increases the likelihood of the merger closing on the expected date, which could positively impact INDT's stock price in the short term.
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