Irenic opposes Centerspace merger and presses Independence Realty to explore a sale
Irenic Capital, which says it owns approximately 2% of Independence Realty Trust ($IRT), publicly opposed the proposed acquisition of Centerspace ($CSR) and said it would vote against the required share issuance. The investor argues that the combination would dilute Independence’s focus on Sunbelt apartments and impair value. It urged the board to engage with credible parties interested in buying Independence instead. The campaign introduces a new shareholder challenge to an already announced me
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