Blackstone officially wins EOP bid

At a meeting today of Equity Office Property’s shareholders where 77 percent of the REIT’s shares were represented, 92 percent of those shares voted to accept Blackstone Group’s $39 billion buyout offer. Analysts say Blackstone will likely sell more EOP properties than it had originally planned because of the price it paid after its intense bidding war with Vornado Realty Trust. Blackstone’s original $48.50-per-share bid rose to $55.50 a share. more [GlobeSt]