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Toronto's cityscape is seen from the waterfront near Ontario Place Blvd on March 24 2014. Constructiion cranes dot the skyline as condominium developments proceed to change the waterfront.
Toronto's cityscape is seen from the waterfront near Ontario Place Blvd on March 24 2014. Constructiion cranes dot the skyline as condominium developments proceed to change the waterfront.
(Fred Lum/Fred Lum/The Globe and Mail)

Slate Properties acquires Huntingdon Capital for $210-million

Slate Capital Corp. has entered an arrangement to purchase fellow commercial real estate investor Huntingdon Capital Corp., adding to Slate’s fast-growing list of properties.

The proposed deal would pay shareholders $13.25 in cash per share, as well as a one-time $0.15 per share special dividend, valuing the company at approximately $210-million. The premium offers investors 13 per cent more than the pre-announcement closing price of $11.85, the company said in a release.