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Article: M&A report--February 2008.(INVESTMENT & FINANCE)(mergers and acquisitions)
- Article from:
- Los Angeles Business Journal
- Article date:
- March 31, 2008
- Author:
CopyrightCOPYRIGHT 2008 CBJ, L.P. 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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Mergers and acquisitions activity in Los Angeles continued to slow in February amid tightening credit conditions. Transactions totaled $4.72 billion, a decline of 32 percent from the previous month and 34 percent from the same time last year. One large deal dwarfed the transactions: Real estate investment trust Nationwide Health Properties acquired $915 million worth of office facilities from Pacific Medical Buildings, and gained rights to buy other properties. In another notable transaction, Glendale's Mobile Storage Group, a provider of portable storage in the U.S. and U.K., agreed to sell to Tempe-based Mobile Mini Inc. There were 67 transactions in February, down from ...