STORE Capital Announces CFIUS Approval For Proposed Acquisition By GIC and Oak Street
STORE Capital Corporation (NYSE:STOR) (“STORE Capital” or the “Company”), an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, today announced that the Committee on Foreign Investment in the United States (CFIUS) has approved the previously announced all-cash acquisition of the Company by affiliates of GIC, a global institutional investor, and funds managed by Oak Street, a Division of Blue Owl.
The transaction is expected to close in the first quarter of 2023, subject to approval by the Company’s stockholders and the satisfaction of certain other customary closing conditions.