Vornado announced that it was pulling out of what has been a frenzied bidding war for Equity Office Properties. EOP’s shareholders are voting today on the latest offer made by the Blackstone Group. Blackstone will likely acquire EOP for $39.2 billion in what will be the largest leveraged buyout in history. more [MSNBC]
more [Bloomberg]
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Vornado pulls out of EOP bidding war
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