DHC and OPI mutually terminate merger agreement; no termination fee

DIVERSIFIED HEALTHCARE TRUST

Mutual termination effective September 1, 2023; no termination fee payable by either party.
Special meetings of shareholders scheduled for September 6, 2023, cancelled.
Each company bears its own costs and expenses related to the terminated merger.
Merger agreement originally signed on April 11, 2023, for OPI to acquire all DHC common shares.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

DIVERSIFIED HEALTHCARE TRUST terminated Agreement and Plan of Merger with Office Properties Income Trust valued at Mutual termination of Merger Agreement; no termination fee (effective 2023-09-01).

Action: termination
Agreement: merger
Counterparty: Office Properties Income Trust
Value: Mutual termination of Merger Agreement; no termination fee
Effective: 2023-09-01

Exact text from the filing

On September 1, 2023, we and OPI mutually agreed to terminate the Merger Agreement and entered into a termination agreement, or the Termination Agreement.

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DIVERSIFIED HEALTHCARE TRUST filing history →

Source: SEC EDGAR

accession 0001104659-23-097781

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