Vornado sweetens EOP property bid
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Vornado Realty Trust moved on Sunday  to make its $23.2 billion bid for top U.S. office landlord  Equity Office Properties Trust more attractive by offering to  pay the cash portion up front.
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This deal is not cheap, but it provides some critical assets.
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Private equity firm Blackstone Group won a 3-month bidding war to acquire Equity Office Properties Trust  on Wednesday after a majority of the top U.S. office landlord's shareholders accepted Blackstone's $23 billion bid and Vornado Realty Trust  dropped out.
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An auction of foreclosed homes, many of them in fast-growing exurban and desert communities east of Los Angeles, brought out a crowd of potential buyers.
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Statoil makes a splash in the latest Gulf of Mexico lease sale.
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Vornado offered to modify its $41 billion bid for Equity Office Properties by paying the cash portion of its offer within a few weeks.
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Equity Office Properties Trust, the target of the largest real estate takeover, yesterday rejected a $41 billion offer from Vornado Realty Trust, saying a $38.3 billion cash bid by Blackstone Group L.P. is less risky for shareholders.
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Virtual Iron has plenty of competition, but the sever virtualization company says it's valuation increased in a new round of funding.
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The Blackstone Group  raised its bid for Equity Office Properties Trust  to $23 billion in cash on Tuesday after rival bidder Vornado Realty Trust  sweetened its own offer in the latest round of the fight to control the top U.S. office landlord.
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Apartment rental prices in San Diego County moved up a modest 3.2 percent over the past year, a Novato-based research company said yesterday.
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Utility E.On AG said Friday it raised its offer for Spain's Endesa SA to $53.4 billion as it delivered its final bid in a more than year-long takeover saga.Comment
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New offer is 20% above earlier approach.
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Everyone benefits from the company's efforts to increase homeownership.
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The Blackstone Group leads Vornado Realty Trust in the bidding for Equity Office Properties Trust, the nationâs largest office landlord.
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Vornado Realty Trust  said on Thursday it had raised its takeover offer for Equity Office Properties Trust  to $56 per share, or $23.24 billion, above a rival bid of $54 per share from private equity firm Blackstone Group.
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Equity Office Properties Trust  said on Friday that its board of trustees has voted to reaffirm its support for a $54 per share takeover offer from private equity firm The Blackstone Group, despite a higher competing bid from Vornado Realty Trust.
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The Mexican cement maker looks to be an attractively priced opportunity, despite housing market concerns.