Article: Columbia Equity Trust, Inc. Announces Amendment to Merger Agreement to Increase Merger Price to $19.50 Per Share.

WASHINGTON -- Columbia Equity Trust, Inc. (NYSE: COE) today announced that it has amended its merger agreement dated November 5, 2006 with affiliates of JPMorgan Asset Management's Special Situation Property Fund ("SSPF").

Under the terms of the amended agreement, SSPF will acquire all of the outstanding common stock of Columbia for $19.50 per share, payable in cash. The increased purchase price represents an increase of $0.50 per share over the $19.00 per share price previously provided in the original merger agreement.

As a result of the amendment, the cash consideration to be paid to holders of limited partnership interests and LTIP units in ...

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