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Stock impact report

AIR Communities Announces Proxy Advisory Firm Glass Lewis Joins ISS in Recommending Stockholders Vote “FOR” Proposed Acquisition by Blackstone Real Estate

Apartment Income REIT Corp. (AIRC) 
Company Research Source: Business Wire
DENVER--(BUSINESS WIRE)--Apartment Income REIT Corp. (NYSE:AIRC) (“AIR Communities” or the “Company”) today announced that Glass, Lewis & Co. (“Glass Lewis”), another leading independent proxy advisory firm, has joined Institutional Shareholder Services Inc. (“ISS”), in recommending that stockholders vote “FOR” the proposal to approve the previously announced all-cash acquisition of the Company by Blackstone Real Estate Partners X (“Blackstone”), at the Company’s upcoming Special Meeting of Stockholders (the “Special Meeting”) scheduled for June 25, 2024 at 10:00 a.m., Mountain Time.As previously announced, the Company and affiliates of Blackstone have entered into a definitive merger agreement, pursuant to which such affiliates have agreed to acquire the outstanding shares of common stock of the Company for $39.12 per share. The proposed acquisition is expected to be completed on or about June 28, 2024, subject to approval by the Company’s stockholders and the satisfaction or wai Show less Read more
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