Takeover Battle Ends With Sale of Big Landlord
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The Blackstone Group won the bidding war for Equity Office in the biggest leveraged private equity buyout ever.
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Morgan Stanley has agreed to buy a real estate investor, the Investa Property Group of Australia, for 4.7 billion Australian dollars ($3.9 billion) in cash. Including debt, the offer values Australiaâs biggest publicly traded owner of office buildings at 6.6 billion Australian dollars. The bid is subject to an independent expertâs report confirming that the offer is in the best interests of shareholders.
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Rupert Murdoch&#39;s transition from renegade to the heart of the New York establishment was cemented this week with the purchase for a record $44m (Â£26m) of a Fifth Avenue apartment once owned by an heir to the Rockefeller fortune.
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HALLADALE, the Scottish property developer and investor, has maintained its recent flow of activity by selling the leasehold on a landmark building in Carlisle for around 7.5 million.
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Guidant Corp.&#39;s 10-year run as one of Indiana&#39;s most successful public companies will end with a $25 billion sale to health products giant Johnson &amp; Johnson.
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YUKOSâ major asset, Yuganskneftegaz, the sale of which was long disputed, is no more YUKOSâ subsidiary as yesterday it was sold by bailiffs to secure the recovery of overdue taxes.
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British Energy Plc (BGY.L: Quote, Profile, Research) , the UK&#39;s biggest electricity producer, said on Thursday it had ended a dispute with investment firm Polygon regarding British Energy&#39;s plans to delist its shares.
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Leeds United Football Club is to sell its ground, Elland Road, after a takeover bid by a local consortium led by Sebastian Sainsbury fell through.
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The $7.2 billion sale of The Rouse Co. marks the end of a fiercely independent real estate and shopping mall company that oversaw America&#39;s 20th Century migration from
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At least two companies are taking over management contracts for big properties in the Washington area as the real estate investment firm ING Clarion prepares to take itself out of the business next month.
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Countrywide, Britainâs largest real estate agent, said it had agreed to be taken private by the 3i Group in a deal that values the company at about $1.8 billion. The 3i Group, a private equity group based in London, bid about 551 pence ($10.76) a share for Countrywide, a premium of 90 pence to the stock price on Sept. 13, the day before the private equity company said it planned to approach Countrywide with an offer. Countrywideâs managing director, Harry Hill, and other managers will join 3i as shareholders and continue to run the business.
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Blackstone Group LP, the private equity firm that bought Equity Office Properties Trust in the biggest leveraged buyout ever, has sold 53 buildings in Washington, D.C., Portland, Ore., and Seattle for $7.55 billion, said three people with direct knowledge of the transactions.
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The sports and celebrity management firm which represents clients such as Tiger Woods and Elizabeth Hurley is to be sold to a buyout specialist, it emerged today.
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Harrahâs, the worldâs largest casino company, was near a deal last night to be sold to Apollo Group and Texas Pacific Group.
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Nearly thirty years after it created state-owned Petro-Canada, Ottawa formally announced yesterday it is selling the last of its shares in the oil giant.
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Travelocity takes off as its parent gets bought out.
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Blackstone Group LP won the bidding contest for Equity Office Properties Trust after shareholders approved the $39 billion purchase in the biggest leveraged buyout ever.