Equity Office closes mergers with The Blackstone Group affiliate

By Lisa Kerner

Charlotte, N.C., Feb. 9 - Equity Office Properties Trust completed the mergers of Equity Office and EOP Operating LP, its operating partnership, with affiliates of Blackstone Real Estate Partners, an affiliate of The Blackstone Group.

Equity Office shareholders approved the merger on Feb. 7, according to a company news release.

Under the terms of the merger, Equity Office shareholders will receive $55.50 in cash, without interest, for each common share of Equity Office they own.

As a result of the transaction, valued at about $49 billion, the Chicago-based real estate investment trust's shares will no longer trade on the New York Stock Exchange.

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