24/7 Market News Snapshot 24 July, 2025 – CITY OFFICE REIT, INC. (NYSE:CIO)

July 24, 2025

DENVER, Colo., 24 July, 2025 (www.247marketnews.com) – (NYSE:CIO) are discussed in this article.
City Office REIT, Inc. (CIO) has recently experienced a significant surge in its stock price, reaching $6.855 in pre-market trading, which marks an impressive increase of over 23.29% from the previous close of $5.560. With trading volumes exceeding 597.77K shares, this activity reflects a robust shift in investor sentiment towards the real estate investment trust, potentially fueled by favorable market conditions or company-specific news. Analysts recommend close observation as this bullish trend suggests heightened investor confidence and the potential for further stock appreciation.

In a noteworthy corporate development, City Office has entered a definitive merger agreement with MCME Carell Holdings, LP, and MCME Carell Holdings, LLC. This merger will see MCME Carell acquiring all outstanding shares of City Office at a cash price of $7.00 per share, representing a 26% premium over the last closing price prior to the announcement and a 39% premium over the 90-day average share price. Valued at around $1.1 billion, the transaction marks a strategic pivot for City Office amidst a challenging office sector landscape, aiming to deliver significant value to its shareholders.

James Farrar, CEO of City Office, emphasized that after a detailed evaluation of options, the merger with MCME Carell signifies a pivotal advancement for the company and its investors. Mukang Cho, CEO of Morning Calm Management, reinforced the belief in the office sector’s recovery and expressed a commitment to acquiring quality office properties in burgeoning markets. The merger is anticipated to be finalized in the fourth quarter of 2025, subject to customary conditions and shareholder approval, with the City Office board endorsing the deal. Following the merger, City Office is expected to transition to a privately-held entity, ceasing public trading of its shares. In light of this change, the company has announced a suspension of future common stock dividends, while maintaining regular dividends on its Series A Cumulative Preferred Stock until the merger’s finalization.

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