February 27, 2017 / 9:48 PM / 5 months ago

BRIEF-Silver Bay Realty Trust Q4 earnings per share $0.07

2 Min Read

Feb 27 (Reuters) - Silver Bay Realty Trust Corp:

* Silver Bay Realty Trust Corp announces agreement to be acquired by Tricon Capital Group Inc in $1.4 billion all-cash transaction; reports strong fourth quarter and full year 2016 financial results

* Q4 revenue $32.5 million versus I/B/E/S view $32.5 million

* Q4 earnings per share $0.07

* Q4 earnings per share view $-0.03 -- Thomson Reuters I/B/E/S

* Silver Bay Realty Trust Corp - Silver Bay agrees to be acquired for $21.50 per share in cash

* Silver Bay Realty Trust Corp - transaction, has been unanimously approved by boards of directors of both companies

* Silver Bay Realty Trust Corp - deal represents aggregate enterprise value of $1.4 billion

* Silver Bay Realty Trust Corp - Tricon Capital Group Inc will assume or repay a total of approximately $600.0 million of Silver Bay's debt

* Silver Bay Realty Trust Corp - Silver Bay reported an aggregate occupancy rate of 96.7pct as of Dec. 31, 2016, an increase from 95.8pct

* Silver Bay Realty Trust-in light of announced agreement with tricon capital, co cancelled its fiscal Q4 and year end 2016 conference call Source text for Eikon: Further company coverage:

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