Government Properties REIT Buying First Potomac for $1.4 Billion

by | Jun 28, 2017 | Commercial Real Estate News

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Government Properties REIT Buying First Potomac for $1.4 Billion

One REIT is acquiring another as Government Properties Income Trust (Nasdaq:GOV) today announced an agreement to acquire First Potomac Realty Trust (NYSE:FPO) for $1.4 billion.

The cash consideration to be paid to FPO shareholders would be $11.15 per common share, ($683 million in total). That would be less than First Potomac’s stock closing price yesterday (June 27) of $11.35/share and less than the closing price of the last five trading days…

Article From: "Key Realty Commercial Real Estate News"   Read full article