By Adriano MarcheseToronto-listed stocks were slightly lower midday Friday, with the S&P/TSX Composite Index on track for a weekly decline following a selloff mid-week. Canada's S&P/TSX Composite Index was down 0.09% at 20739.02 and the blue-chip S&P/TSX 60 was down 0.03% at 1252.46. Tricon Residential shares were 28% higher at 14.88 Canadian dollars ($11.03) after agreeing to be acquired by Blackstone Real Estate Partners in a deal with an equity transaction value of $3.5 billion. In a joint statement, the companies said Blackstone Real Estate Partners, in conjunction with Blackstone Real Estate Income Trust, will acquire all outstanding common shares of Tricon for about C$15.17 a share. Write to Adriano Marchese at adriano.marchese@wsj.com(END) Dow Jones NewswiresJanuary 19, 2024 12:20 ET (17:20 GMT)Copyright (c) 2024 Dow Jones & Company, Inc.

Source: Wall Street Journal January 19, 2024 17:29 UTC