Vornado Loses Out On Equity Office ; Drops $23.2b Bid, Cedes to Blackstone
The Record, Bergen County, NJ › February 08, 2007
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Summary
CHICAGO Equity Office Properties Trust shareholders overwhelmingly approved a $23 billion buyout offer Wednesday from the private equity firm Blackstone Group, sealing the deal on a record-setting acquisition that ended with a down-to-the-wire bidding war.
Including assumed debt, Blackstone values the all-cash deal at $39 billion making it the largest-ever private equity buyout bid.See the full content of this document
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Vornado Loses Out On Equity Office ; Drops $23.2b Bid, Cedes to Blackstone
Company officials, who favored Blackstone's $55.50-pershare proposal ...
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