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BTB REIT board makes 'no recommendation' to increased Ewing Morris offer

Unitholders of real estate investment trust have until Oct. 15 to accept investor's tender to buy 8 million shares
BTB REIT maintains its headquarters in this building at the busy corner of Crescent and Sainte Catherine in downtown Montreal. (CoStar)
BTB REIT maintains its headquarters in this building at the busy corner of Crescent and Sainte Catherine in downtown Montreal. (CoStar)
CoStar News
October 3, 2025 | 4:42 P.M.

BTB Real Estate Investment Trust's Board of Trustees decided not to advise unitholders on whether to vote in favor of an increased offer from investment firm Ewing Morris Fleetwood, an investment entity managed by Ewing Morris & Co. Investment Partners Ltd. to purchase up to 8 million shares of the REIT's stock.

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