Canada's Minto Apartment REIT surges on $2.3 billion buyout

Canada's Minto Apartment MI_u.TO REIT rises nearly 26.8% to about $17.3

Co to be bought by Crestpoint Real Estate Investments and Minto Group affiliates in an all-cash take-private deal worth about $2.3 bln, including debt

Deal represents a 32% premium to the security's last closing price on the Toronto Stock Exchange

Transaction expected to close in the second half of 2026

Six of ten brokerages rate the stock "buy" and four "hold"; their median PT is $15.3, according to data compiled by LSEG

Including session's moves, shares up 26.7% YTD