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Article: Columbia Equity Trust, Inc. Announces Amendment to Merger Agreement to Increase Merger Price to $19.50 Per Share.
- Article from:
- Business Wire
- Article date:
- February 22, 2007
CopyrightCOPYRIGHT 2007 Business Wire. 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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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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