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Criimi Mae Sold To Canadian Firm.(Brief Article)
Rockville, MD -- CDP Capital Financing, a subsidiary of Caisse de depot et placement du Quebec, is acquiring Criimi Mae in a transaction valued at about $328 million.
A subsidiary of CDP Capital will merge into Criimi Mae and Criimi Mae's common shareholders will be paid $20 in cash, Criimi Mae, a commercial mortgage investor and servicer, reports. Barry S. Blattman, chairman and CEO, Criimi Mae, said, "Through a competitive bidding process, the board of directors has helped our shareholders realize value for their shares at a significant premium to the current trading price."
If approved by Criimi Mae shareholders, the merger is expected to go through in the first quarter of 2006.BREF One, a major shareholder of Criimi Mae that holds about 7.8% of Criimi's outstanding common stock, has agreed to vote in favor of the merger, according to Criimi Mae.
The merger agreement allows Criimi Mae ...
- CRIIMI MAE Sets Record and Meeting Dates for Special Meeting to Approve Merger.
- Press release article from: PR Newswire November 15, 2005 700+ words
...shareholders will vote on the proposed acquisition of CRIIMI MAE by CDP Capital -- Financing Inc., a subsidiary of Caisse de depot...Capital -- Financing, will be merged with and into CRIIMI MAE and CRIIMI MAE's outstanding shares of common stock...
- Shareholders Approve CRIIMI MAE Merger.
- Press release article from: PR Newswire January 18, 2006 700+ words
...s special meeting of CRIIMI MAE Inc. approved the acquisition of CRIIMI MAE by CDP Capital - Financing Inc., a...indirect subsidiary of CDP Capital - Financing, who was...merged with and into CRIIMI MAE (the "Merger") and...
- CRIIMI MAE Agrees to be Acquired for $20.00 Per Common Share in Cash.
- Press release article from: PR Newswire October 6, 2005 700+ words
...FirstCall/ -- CRIIMI MAE Inc. today announced...be acquired by CDP Capital - - Financing Inc...January 1, 2006, CRIIMI MAE would be required...termination fee to CDP Capital-Financing in...No shares of CRIIMI MAE's Series B Preferred...
- Canadian Firm to Buy Criimi Mae.
- Magazine article from: National Mortgage News October 17, 2005 700+ words
ROCKVILLE, MD -- CDP Capital Financing, a subsidiary of...placement du Quebec, is acquiring Criimi Mae in a transaction valued at...328 million. A subsidiary of CDP Capital will merge into Criimi Mae and Criimi Mae's common shareholders...
- CRIIMI MAE Reports Third Quarter Net Income of $5.8 Million.
- Press release article from: PR Newswire November 4, 2005 700+ words
...PRNewswire-FirstCall/ -- CRIIMI MAE Inc. today reported net income...our agreement to be acquired by CDP Capital-Financing at what the Board of...Months Ended September 30, 2005 CRIIMI MAE's net interest margin decreased...
- CRIIMI MAE ANNOUNCES PLAN TO BECOME SELF-MANAGED AND SELF-ADMINISTERED; WOULD...
- Press release article from: PR Newswire January 4, 1995 700+ words
...PRNewswire/ -- (NYSE: CMM) CRIIMI MAE Inc., the largest multifamily...affiliates, serves as the advisor to CRIIMI MAE and manages its mortgage investments...a result of this transaction, CRIIMI MAE would become a self- administered...
- CRIIMI MAE Announces Plan to Become Self-Managed and Self-Administered; Would...
- Press release article from: Business Wire January 4, 1995 700+ words
...4, 1995--(NYSE:CMM)-- CRIIMI MAE Inc., the largest multifamily...affiliates, serves as the advisor to CRIIMI MAE and manages its mortgage investments...a result of this transaction, CRIIMI MAE would become a self-administered...
- CRIIMI MAE and Prudential Join Forces to Originate Large, 'No-Lock' Commercial...
- Press release article from: PR Newswire April 9, 1998 700+ words
...ROCKVILLE, Md., April 9 /PRNewswire/ -- CRIIMI MAE Inc. (NYSE: CMM) and Prudential Mortgage...forces to originate "large loans" for CRIIMI MAE's innovative "No-Lock" commercial...relationships of both Prudential and CRIIMI MAE with CRIIMI MAE's prepayable "No...
Source: HighBeam Research, Criimi Mae Sold To Canadian Firm.(Brief Article)