Diversified Healthcare Trust (Nasdaq: DHC) announced that it has entered into a definitive merger agreement with Office Properties Income Trust (Nasdaq: OPI), pursuant to which OPI will acquire all of the outstanding common shares of DHC in an all-share transaction. The transaction was unanimously recommended by special committees of the respective Board of Trustees of OPI and DHC, comprised of independent, disinterested trustees, and unanimously approved by the respective Board of Trustees. OPI will be the surviving entity in the merger and intends to change its name to “Diversified Properties Trust” upon closing of the transaction and is expected to trade on The Nasdaq Stock Market LLC.
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Source: https://www.businesswire.com/news/home/20230410005468/en/Diversified-Healthcare-Trust-and-Office-Properties-Income-Trust-Announce-Agreement-to-Merge-in-All-Share-Transaction