Schottenstein in expected to make bid for Burnham
Article Abstract:
San Diego, Calif.-based Burnham Pacific Properties Inc. is expected to receive an unsolicited acquisition bid from Ohio-based Schottenstein Stores Corp. The proposed deal, in which Schottenstein would pay off Burnham's debt of $576 million, also may include the acquisition of Burnham's equity for $565.2 million. Burnham, which is a real estate investment trust (REIT), is the owner of several Western U.S. shopping centers. Industry analysts have said that private investors are interested in undervalued REITs.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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Brookfield, Blackstone to buy Trizec
Article Abstract:
Brookfield Properties Corp. of Canada and a partner are to purchase Trizec Properties Inc. also of Canada for $4.8 billion. The purchase of the real estate investiment trust is a hallmark deal amongst frenetic merger and acquisition activity in the real estate market.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2006
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