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Article: Dundee Corporation Enters Agreement to Vote in Favour of Proposed GE Real Estate Acquisition of Certain Assets of Dundee REIT
- Article from:
- CCNMatthews Newswire
- Article date:
- June 4, 2007
CopyrightCopyright 2007 CCNMatthews Newswire. Provided by ProQuest LLC. (Hide copyright information)
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TORONTO, ONTARIO--(CCNMatthews - June 4, 2007) - Dundee
Corporation (TSX:DC.A) announces that it has entered into a lock-up
agreement to support and to vote its approximate 16% interest in
Dundee Real Estate Investment Trust ("Dundee REIT") in favour of the
proposed acquisition of certain assets of Dundee REIT by GE Real
Estate ("GE Real Estate"), subject to certain conditions. The
transaction is subject to Dundee REIT Unitholder approvals and other
conditions. It is intended that Dundee Corporation along with
management of Dundee Realty will maintain an approximate 18% interest
in Dundee REIT upon completion of the transaction. (For further
information, please see the press release issued ...