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Article: Centro Properties Group Announces Expiration of New Plan Tender Offer.
- Article from:
- Business Wire
- Article date:
- April 19, 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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Centro Intends to Exercise Top-Up Option
NEW YORK -- Super MergerSub Inc. ("MergerSub"), an affiliate of Centro Properties Group (ASX:CNP), announced today that it has accepted for payment all of the additional shares of common stock of New Plan Excel Realty Trust, Inc. (NYSE:NXL) that have been validly tendered. The total shares tendered represent approximately 88.0 of New Plan's outstanding shares of common stock. MergerSub also announced that it intends to exercise the "top-up" option and intends to proceed to closing.
Approximately 22,096,621 additional shares of common stock were validly tendered pursuant to the subsequent offering period of ...