January 29, 2007 / 2:08 PM / 10 years ago

Equity Office backs Blackstone buyout approval

1 Min Read

NEW YORK, Jan 29 (Reuters) - Equity Office Properties Trust EOP.N, the top U.S. office landlord, on Monday advised its shareholders to back a proposed buyout from private equity firm Blackstone Group [BG.UL] which values the company at $38.3 billion including debt.

In a letter to shareholders, Equity Office also said it expected the Blackstone offer of $54 per share of the real estate investment trust to close on or about Feb. 8 if approved.

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