(Reuters) - The purchase price includes $120 million of cash and $89
million of newly issued preferred and common units. Vornado
would also assume $142 million of debt. The real estate
investment trust did not identify the seller. Vornado
representatives were unavailable for immediate comment.
Vornado expects to conduct the transaction in three stages
and complete it by the end of 2007.
Read more at Reuters.com Mergers News
million of newly issued preferred and common units. Vornado
would also assume $142 million of debt. The real estate
investment trust did not identify the seller. Vornado
representatives were unavailable for immediate comment.
Vornado expects to conduct the transaction in three stages
and complete it by the end of 2007.
Read more at Reuters.com Mergers News
No comments:
Post a Comment