- Invesque (TSX:IVQ) agreed to a go-private transaction with a Magnetar-managed entity at US$0.101 per share (about C$0.143 per share)
- The offer represents a 68% premium to the recent share price and a 30% premium to the 20-day average trading price
- Following the deal, Invesque will become privately owned by Magnetar-affiliated funds and its shares will be delisted from the TSX
- Invesque stock (TSX:IVQ) closed trading at $0.14
Invesque (TSX:IVQ) announced it had signed into a definitive agreement to be taken private by a special purpose entity managed by its controlling shareholder, Magnetar Financial LLC, in a transaction that values the company’s minority-held shares at a significant premium to recent trading levels.
Under the arrangement agreement, the purchaser will acquire all issued and outstanding Invesque common shares not already held by funds managed by Magnetar for US$0.101 per share, equivalent to approximately C$0.143 per share based on the Bank of Canada exchange rate as of Sept. 29, 2026.
This article is a journalistic opinion piece that has been written based on independent research. It is intended to inform investors and should not be taken as a recommendation or financial advice.
The healthcare real estate company said the cash offer represents a 68% premium to the closing share price and a 30% premium to the stock’s 20-day volume-weighted average trading price through Sept. 29.
Both Invesque stock tickers took the top two spots by market close on Thursday for the TSX following the news on Thursday and also closed higher on Friday.
Following the completion of the transaction, the purchaser will amalgamate with Invesque, resulting in Magnetar-managed funds becoming the sole shareholders of the company. Invesque will then operate as a wholly owned subsidiary of the purchaser.
The company said the transaction provides minority shareholders with an opportunity to realize value at a premium, noting that the shares have experienced limited liquidity and trading activity.
Once the deal is done, Invesque expects its shares to be delisted from the Toronto Stock Exchange and the company will no longer be subject to Canadian public-company reporting requirements.
The transaction is structured as a plan of arrangement under the Business Corporations Act (British Columbia). The arrangement excludes substantially all shares already owned by funds managed by Magnetar, which will retain their holdings through the privatization.
The deal marks the latest step in Magnetar’s involvement with Invesque and would give the investment firm full ownership and control of the healthcare-focused real estate company if approved and completed.
“Management and the board of directors have worked diligently over the last several years to sell assets and return capital to shareholders,” the company’s CEO, Adlai Chester, said in a news release. “This transaction allows the return of capital much sooner than would otherwise occur.”
Invesque Inc. is a North American health care real estate company.
Invesque stock (TSX:IVQ) closed 42.10% higher on Thursday and finished 3.70% higher on Friday at $0.14. Meanwhile, (TSX:IVQ.U) closed 50% higher on Thursday and then closed 5.56% on Friday at $0.09. IVQ is trading 10% lower on the Venture Exchange since the year began, but it is sitting 17% higher than where it was this time last year and jumped 35% higher this week.
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