Vornado’s $41B EOP bid enough?

Vornado upped its offer for Equity Office Properties to $56 a share, or $41 billion total, topping Blackstone Group’s offer of $54 a share. The main difference between the bids is that Blackstone is offering an all-cash deal, while Vornado is offering $31 in cash and $25 in stock per share. Because Blackstone’s bid is not tied to stocks, many analysts see it as less risky, and therefore superior. more [NYT]