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Article: Starwood Capital Group Proposes Transaction Providing $22.00 Cash Per Share For California Jockey Club and Bay Meadows Operating Company
- Article from:
- PR Newswire
- Article date:
- October 8, 1996
CopyrightCOPYRIGHT 1996 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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GREENWICH, Conn., Oct. 8 /PRNewswire/ -- Starwood Capital Group, L.C.C., a private real estate investment firm based in Greenwich, CT, (together with related parties, "Starwood Capital") today announced that it had delivered a letter to the Boards of Directors of California Jockey Club and Bay Meadows Operating Company (Nasdaq: CJ) (the "Company") proposing a transaction that would provide shareholders with $22.00 per share in cash. Starwood Capital's proposal is a revision of an earlier proposal to the Boards of Directors of California Jockey Club and Bay Meadows Operating Company. The shares of California Jockey Club and Bay Meadows Operating Company trade together ...
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