CHICAGO (AFX) - Office-building owner and manager Equity Office Properties Trust said Tuesday a subsidiary began a cash tender offer for $8.4 billion of outstanding debt securities.
The securities include fixed-rate notes and debentures, floating-rate notes due 2010 and other items. Equity Office Properties said the tender offer is being conducted along with a related consent solicitation to amend the terms of the notes.
The company said the tender offer and consent solicitation are related to its previously announced agreement to go private in a $19 billion deal with The Blackstone Group.
Equity Office Properties slipped a penny to close at $47.95 on the New York Stock Exchange.
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