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Monthly Archives: June 2017

CPPIB To Acquire Houston Office REIT Parkway for $1.2 Billion

Houston office property REIT Parkway Inc. (NYSE: PKY) has agreed to be acquired by the Canada Pension Plan Investment Board (CPPIB), for $1.2 billion, ($23.05 per share). The transaction is not subject to a financing condition.

The offer consists of $19.05 per share plus a $4 special dividend to be paid prior to closing, represents a premium of approximately 14.3% when compared to Parkway’s 30-day volume weighted average price ended June 29, 2017…

Walgreens Ends Bid to Take Over Rite Aid, Will Instead Acquire 2,186 Stores for $5.2 Billion

Walgreens Boots Alliance Inc. has terminated its deal to merge with Rite Aid Corp. and has instead opted to purchase 2,186 of the rival drugstore chain’s stores for just under $5.18 billion.

The scrapping of the merger following months of speculation about whether the Federal Trade Commission would try to block the deal, most recently estimated to be worth $12.4 billion to $13.4 billion, also scuttles a related transaction to sell certain Rite…

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