Equity Office Properties Trust EOP
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3 REITs To Consider Despite Roger Nusbaum's Opinion
… estate in client portfolios? RN: We have been out of REITs for a long time. We sold our one REIT right after Sam Zell sold EOP . If it was a good time for him to sell, that was good enough for me. I think the real estate market is very unhealthy and …
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Wall Street Breakfast: Must-Know News
… reached a deal to restructure around $7B of the remaining debt tied to its 2007 purchase of Sam Zell's Equity Office Properties Trust . Sources said the maturity of the debt will likely be extended to 2014 from 2012, Blackstone will pay …
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Vornado Bows Out
On Wednesday, Vornado Realty Trust VNO announced it is terminating its offer to acquire Equity Office Properties Trust EOP . The proposed largest-ever leveraged buyout would have transformed Vornado into a national office platform …
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Vornado Ups Ante for Equity Office
On Thursday, Vornado Realty Trust VNO sweetened its offer for Equity Office Properties Trust EOP by more than 7%, to $56 per share, plus dividends accrued when the deal closes. Vornado's offer tops Blackstone Group …
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Vornado Makes Counteroffer for Equity Office
… offered to buy Equity Office Properties EOP for $52 a share, about 7% higher than ..... previous $48.50 per share cash offer. EOP shareholders would receive $31.20 in ..... 80 in shares of Vornado. Additionally, EOP unitholders may exchange their units for …
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Vornado Enters the Bidding for Equity Office
… Capital entered the bidding for Equity Office EOP with a $52 per share offer. We believe the deal represents a rich valuation for EOP 's assets. However, at this point, we ..... Vornado will have to assess how badly it wants EOP 's assets. Our assessment of the deal …
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Services Super Sector: Major Themes
… sign that worries us: Sam Zell, one of the savviest real estate investors around, decided to sell Equity Office Properties EOP to Blackstone Group late in the year. If Sam Zell is selling, do you want to be buying? Increased participation by large institutional …
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Equity Office Agrees to Sale
Equity Office Properties Trust EOP has agreed to be sold to large private-equity investor Blackstone Group for $48.50 per share in cash. The offer represents …
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Equity Continues Portfolio Makeover
… shrinking portfolio, leaner workforce, and cheaper cost of borrowing add up to significant savings for Equity Office Properties EOP . We estimate the company's recent initiatives should increase Equity's intrinsic value by $2 per share and are raising …
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Equity Office Cuts Dividend
Equity Office Properties EOP announced a 34% dividend cut Wednesday, reducing the annual payout to $1.32 per share starting in 2006. We were not surprised …