H&R’s $4.7 Billion Breakup Faces Revolt by Major Investors

AI Summary

H&R Real Estate Investment Trust’s proposed C$6.7 billion breakup is facing growing opposition from major shareholders, including large pension funds. The deal would transfer part of the Canadian landlord’s property portfolio to the family of its chief executive, prompting investor concerns.

H&R Real Estate Investment Trust’s C$6.7 billion ($4.7 billion) breakup is facing a growing shareholder revolt, with some of the world’s biggest pension funds lining up against a deal that would hand a chunk of the Canadian landlord’s properties to the family of its chief executive officer.