Equity Commonwealth

+0.13 (+0.47%)
Equity Investments, Mergers / Acquisitions

Equity Commonwealth To Acquire Monmouth Real Estate For $3.4 Billion

Published: 05/05/2021 03:27 GMT
Equity Commonwealth (EQC) - To Acquire Monmouth Real Estate for $3.4 Billion.combined Company is Expected to Have a Pro Forma Equity Market Capitalization of Approximately $5.5 Billion.
And Monmouth Shareholders Are Expected to Own Approximately 65% and 35%, Respectively.
Under Terms of Deal, Monmouth Shareholders to Receive 0.67 Shares of Co's Stock for Every Share of Monmouth Stock They Own.
Co Will Continue to Be Led by President and Chief Executive Officer David Helfand and Existing Senior Management Team.
Equity Commonwealth - Total Consideration to Be Received by Monmouth Shareholders in Transaction is $19.58 per Monmouth Share.
Sam Zell Will Remain Chairman of Board of Trustees.
Equity Commonwealth and Board of Directors of Monmouth Real Estate Have Each Unanimously Approved Transaction.