• Jan 25, 2007

    Equity Office Announces Amendment to Merger Agreement with Blackstone

    Consideration Per Common Share or Unit Increased to $54.00 Payable in Cash CHICAGO (January 25, 2007) – Equity Office Properties Trust (NYSE: EOP) today announced that it has amended its merger agreement entered into on November 19, 2006 with affiliates of The Blackstone Group. Under the terms of the amended agreement, Blackstone will acquire all of the outstanding common stock of Equity Office for $54.00 per share, payable in cash, in a transaction valued at approximately $38.3 billion. The increased purchase price represents an increase of $5.50 per share, or approximately 11.3 percent, over the $48.50 price per share previously provided. The increased purchase price also represents a premium of 27.8 percent over the average closing price of Equity Office’s shares for the 30 trading-day period prior to November 19, 2006.
  • Jan 25, 2007

    Cardinal Health to Sell Pharmaceutical Technologies to Blackstone

    DUBLIN, Ohio, Jan. 25, 2007 — Cardinal Health, the leading provider of products and services supporting the health-care industry, today announced it has reached an agreement to sell its Pharmaceutical Technologies and Services (PTS) segment to The Blackstone Group for approximately $3.3 billion in cash.
  • Jan 10, 2007

    Blackstone Opens Private Equity Office in Hong Kong

    New York, January 10, 2007: Blackstone today announced plans to open a private equity office in Hong Kong to expand its investment activities in the Asia Pacific region. Blackstone also announced that Antony Leung has joined the firm as a Senior Managing Director and Chairman of Blackstone Greater China. Mr. Leung will co-head the expanded Hong Kong office along with Ben Jenkins, a Senior Managing Director, who will be relocating with a team from New York.
  • Jan 08, 2007

    EOP Operating Limited Partnership Confirms Deadline

    CHICAGO, January 8, 2007 — Equity Office Properties Trust (NYSE: EOP) confirmed that the tender offers and related consent solicitations commenced by its subsidiary, EOP Operating Limited Partnership, as previously amended, remain open.
  • Jan 04, 2007

    McCormick Tribune, Cantigny Foundations Retain Blackstone Group as Financial Advisor

    CHICAGO, Jan. 4 /PRNewswire/ — McCormick Tribune Foundation stated today that it and the Cantigny Foundation have retained the Corporate Advisory Services division of The Blackstone Group L.P. to advise the foundations as they consider alternatives involving their investment in Tribune Company.