The 30-day go-shop period for the previously announced merger agreement by STORE Capital Corp. with affiliates of GIC, a global institutional investor, and Oak Street, a Division of Blue Owl passed ended last week.
Under the terms of the merger agreement, GIC and funds managed by Oak Street have agreed to acquire all outstanding shares of STORE Capital's common stock for $32.25 per share in an all-cash transaction valued at approximately $14 billion.
During the "go-shop" period, at the direction of the company's board of directors, representatives of Evercore and Goldman Sachs & Co. LLC, financial advisors to the company, actively solicited acquisition proposals from 15 potentially interested third parties.
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