EdR has announced that it has entered into a definitive merger agreement to be acquired by a newly-formed, perpetual-life fund, Greystar Student Housing Growth and Income Fund, LP, an affiliate of Greystar Real Estate Partners. Under the terms of the merger agreement, EdR’s stockholders will receive US$41.50 per share in cash. This represents a premium of 26.3% over the 90-day volume-weighted average share price ending 31 May 2018 and a premium of 13.6% over the 31 May 2018 closing share price, the last trading day prior to news stories speculating about the possible sale of EdR. The transaction is currently expected to close in the second half of 2018