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Blackstone to buy Equity Office for $19B.
(From AFX UK (Focus))
NEW YORK (AFX) -
The private-equity firm Blackstone Group has agreed to buy Equity Office Properties Trust, the nation's largest publicly traded office-building owner and manager, for about $19 billion.
The management and trustees of Equity Office, which was founded in 1976 by real-estate investor Sam Zell, who is its current chairman, are not part of the buyout group, the company said.
Chicago-based Equity Office said late Sunday its board has approved the offer by Blackstone's real estate arm of $48.50 per share, which is an 8.5 percent premium to the stock's closing price Friday of $44.72 on the New York Stock …
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- Chicago-Based Equity Office Properties Trust Acquires California Property Firm.
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News wire article from: The Seattle Times (Seattle, WA)
February 26, 2001
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- Blackstone boosts Equity Office bid.
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News wire article from: Europe Intelligence Wire
February 6, 2007
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- Equity Office bonds gain.
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News wire article from: Europe Intelligence Wire
November 20, 2006
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- Blackstone buys Equity Office for $23B.
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News wire article from: Europe Intelligence Wire
February 8, 2007
700+ words
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- Blackstone to buy Equity Office for $19B.
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News wire article from: Europe Intelligence Wire
November 20, 2006
700+ words
