Starwood Ups Initial Bid for Milestone Apartments REIT Buyout


An affiliate of Starwood Capital Group agreed to sweeten its offer to take Milestone Apartments Real Estate Investment Trust private through a cash-for-stock transaction. Under the revised bid announced in a joint release by the two companies, Milestone Apartments REIT unitholders will receive 10 cents more per trust unit than Starwood's original cash-for-stock offer valuing Milestone at $2.85 billion, including debt, that was announced on Jan...

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