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Blackstone wins takeover battle for Equity Office
Equity Office Properties Trust announced that its shareholders have approved the merger with the private equity giant Blackstone Group. Over 92% of the total shares that voted were in favor of the transaction. Equity Office, the largest US office landlord at the center of a takeover battle, expects the merger to be completed on or about February 9, 2007. EOP's shareholders will receive $55.50 in cash for each Equity Office share that they own immediately prior to the effective time of the merger.
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