May 7 (Reuters) - Gramercy Property Trust:
* GRAMERCY PROPERTY TRUST ENTERS INTO DEFINITIVE AGREEMENT TO BE ACQUIRED BY BLACKSTONE FOR $27.50 PER SHARE IN A $7.6 BILLION TRANSACTION
* GRAMERCY PROPERTY TRUST - ALL-CASH TRANSACTION VALUED AT $7.6 BILLION.
* GRAMERCY PROPERTY TRUST - DEAL HAS BEEN UNANIMOUSLY APPROVED BY GRAMERCY’S BOARD OF TRUSTEES
* GRAMERCY PROPERTY TRUST - GRAMERCY SHAREHOLDERS WILL BE ENTITLED TO RECEIVE PREVIOUSLY ANNOUNCED Q2 DIVIDEND OF $0.375 PER SHARE PAYABLE ON JULY 16
* GRAMERCY PROPERTY TRUST - TRANSACTION IS NOT CONTINGENT ON RECEIPT OF FINANCING BY BLACKSTONE
* GRAMERCY PROPERTY - IF BLACKSTONE DEAL COMPLETED AFTER OCT 15, SHAREHOLDERS TO GET PER DIEM AMOUNT OF ABOUT $0.004/SHARE FOR EACH DAY UNTIL CLOSING DATE Source text for Eikon: Further company coverage:
