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Article: AMB Property Corporation Announces Agreement to Purchase Interest in One of Mexico's Largest Public Real Estate Companies, G. Accion S.A. de C.V.
- Article from:
- PR Newswire
- Article date:
- December 2, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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AMB and Other Investors Plan to Take G. Accion Private Following a Tender Offer for Public Shares
AMB Property Corporation announced today that, through an affiliate, it has agreed to purchase all of the interest held by the Peabody Group in G. Accion S.A. de C.V. ("G. Accion") (OTC: GACCIB; BMV: GACCIONB). The agreement calls for a purchase price of US$0.85 per share for total consideration of approximately US$44.6 million and is subject to certain conditions, which are waivable by AMB. The per-share price is based on the estimated net asset value of G. Accion.
Since the interest in G. Accion that AMB intends to purchase exceeds certain thresholds ...