US Air Strikes Succeed In Killing Top Al-Qaeda Terrorist In Somalia The leader of Somalia’s Islamist insurrection has been killed in a US airstrike. Aden Hashi Ayro, who led the al-Shabaab militia and was reputed to have been trained by al-Qaeda in Afg... Read Full Article A Capitalist Jolt For Charity Can business extend the reach of nonprofits? To help serve its philanthropic mission, a social business tries to profit.... Read Full Article Costco 1st-Quarter Profit Is Up, But Shares Fall The results were in line with Wall Street expectations, but its shares slid almost 5 percent in morning trading on disappointment at Costco’s operating margins.... Read Full Article Suicide Bomber Strikes Within A Mile Of Musharraf A man blew himself up close to the offices of Pakistan’s president, killing seven people including himself.... Read Full Article Music Review | Joyce DiDonato: One Mezzo, Wide Terrain The mezzo-soprano continues to be the most engaging, consistently satisfying singers around, as proven in her recital at the Rose Theater on Wednesday.... Read Full Article |
REIT To Consider Another Takeover BidEquity Office Properties, which agreed in November to be bought by a private equity company, the Blackstone Group, for $36 billion, including debt, said yesterday that it would begin discussions with a rival group that has offered to top that price. Equity Office, the nation’s largest office landlord, with 585 buildings in 24 metropolitan areas, also said it would open its books to the challengers, a consortium led by Vornado Realty Trust. Raising the stakes in what was already the largest buyout battle ever, Vornado and its partners, Starwood Capital Group and Walton Street Capital, proposed last week to pay $52 a share for Equity Office, or 7.2 percent more than what Blackstone has offered. Vornado, a real estate investment trust that owns more than 100 million square feet of office, retail and showroom property, said its offer would include about $10.6 billion of its stock. Setting a Jan. 31 deadline for the Vornado group to submit a formal proposal, Equity Office said it continued to recommend approval of the Blackstone merger. A Blackstone spokesman, John Ford, had no comment, except to point out that the Blackstone deal could close three days after Equity Office shareholders approve the transaction. The vote is scheduled for Feb. 5. Tag CloudExternal InformationAdditional InformationStocks Tumble on Weak Dollar and Oil Prices...Hitting leak targets holes Thames profits... Flu Vaccine Effective for Children Under 5... Ford Narrows Loss for 2007... Where Am I?News Main Page - Business - REIT To Consider Another Takeover Bid |
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