Stocks Vornado Realty Trust


  • Equity Office Properties Trust , which agreed to be bought by Blackstone Group in November, said on Monday its board agreed to meet with a Vornado Realty Trust  investor group that submitted a rival bid last week and give them information.

  • U.S. stocks closed near the worst levels of  the day as weakness in technology stocks trumped positive economic data.  Stronger than expected housing data and tame inflation data  dampened hopes for a Fed rate cut any time soon.

  • The Vornado group's unsolicited offer, which hinges on several conditions, is valued at $52 a share in cash and Vornado stock, the bidding group said. That compares with Blackstone's all-cash deal valued at $48.50 per share.

  • U.S.  stocks closed lower after oil prices staged a late rally, while weakness in technology dragged down the Nasdaq.

  • Vornado Realty Trust and two real estate partners offered $52 a share for Equity Office Properties Trust, which has already agreed to be acquired by Blackstone Group for $48.50 a share in cash.

  • A potential counter-bid to buy real estate firm Equity Office Properties Trust remains in limbo as one deep-pocketed investor dropped out of the bidding and financing had yet to be secured, sources familiar with the situation say.

  • Speculation heated up about whether a bidding war was in the works for Equity Office Properties Trust, which agreed in November to be acquired by Blackstone Group for $48.50 a share in cash.