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(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 …