Indus Realty Trust announced in a press release that it would be acquired by Centerbridge partners and GIC Real Estate. An all-cash transaction in which the latter two companies acquired all outstanding shares of the former will be valued at an estimated $868 million.

Indus shareholders receive $67.00 per share in cash, a premium of 17% to the company's unaffected stock price on November 25, 2022. That was the date and Centerbridge and GIC first publicly declared their intent to buy the company.

On that date, the offer was for $600 million, as MarketWatch reported at the time. Centerbridge had already owned a roughly 14.8% share in Indus and GIC Real Estate, a specialized investment arm of Singapore's sovereign wealth fund, had offered $65 per share. Back then, an Indus press release read in part, "Consistent with its fiduciary duties and in consultation with its financial and legal advisors, the Company's Board of Directors will carefully review the proposal to determine the best path forward for the Company that maximizes value for all of the Company's shareholders."