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Blackstone buys BioMed Realty Trust for US$8b
BioMed provides office space to life sciences industry, posts US$675m revenue for 2014
Add BT as a preferred sourcePublished Fri, Oct 9, 2015 · 09:50 PM
New York
THE Blackstone Group said on Thursday that it had agreed to acquire BioMed Realty Trust, a provider of office space to the life science industry, in a deal valued at US$8 billion, including debt.
Under the terms of the transaction, affiliates of Blackstone Real Estate Partners VIII would pay US$23.75 a share in cash for BioMed Realty, representing a 10 per cent premium to its closing price Wednesday.
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