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 source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Share with us your feedback on BT's products and services
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?
