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Starwood in talks on raising initial bid for Milestone, say sources

Move follows advisory firm's recommendation to vote against offer
Wednesday, March 1, 2017 - 05:50

New York

MILESTONE Apartments Real Estate Investment Trust, which has agreed to be acquired by Starwood Capital Group for about C$1.7 billion (S$1.8 billion), is in talks with the US private investment firm about raising its bid, people familiar with the situation told Reuters.

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