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25 days ago
BRIEF-Government Properties Income Trust to acquire First Potomac Realty Trust for $1.4 bln
June 28, 2017 / 10:08 AM / 25 days ago

BRIEF-Government Properties Income Trust to acquire First Potomac Realty Trust for $1.4 bln

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June 28 (Reuters) - Government Properties Income Trust

* Government properties income trust to acquire First Potomac Realty Trust for approximately $1.4 billion

* Cash consideration to be paid to FPO shareholders will be $11.15 per FPO common share

* Cash consideration to be paid to FPO shareholders will be $11.15 per FPO common share, or about $683 million

* FPO has agreed that it will not pay any distributions to its shareholders before closing of transaction

* Deal includes expected repayment of about $418 million of FPO debt,assumption of about $232 million of FPO mortgage debt

* Transaction will be accretive to co's normalized funds from operations per share after 2018

* Deal will be about leverage neutral on debt to gross assets basis after completion of co's long term financing plan Source text for Eikon: Further company coverage:

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