Acquisition

CHICAGO, Nov 20: US investment fund Blackstone Group is to buy leading US real estate firm Equity Office Properties Trust for about $36 billion, the two companies announced on Monday, in a record deal for a private investment fund.

Blackstone is to acquire all of Equity Office’s outstanding common stock for $48.50 per share in cash in a record acquisition by an investment fund, the groups said in a joint statement said.This represents an 8.5pc premium over the closing share price on Friday, and a 20.5 per cent premium over the three-month average price of EOPT stock.—AFP

Our readers are at the heart of everything we do.
Do you have a thought to share or a way we can improve? We’d love to hear it. Reach out to us at feedback@dawn.com.

Newspaper

Govt mulls easing curbs to facilitate asset transfer

Broaden tax net, cut tariff distortions: Sustainable Development Policy Institute

Balochistan trade bodies threaten strike

Branded Content

K&N's SmartCooking Recipes: Pancake Sliders

Fun and tasty pancake sliders layered with crispy nuggets, fried egg, fresh salad and creamy sauces for a playful twist on a classic snack.

Airlink launches Hisense in Pakistan, ushering in a new era for consumer electronics nationwide

Airlink Communication Limited, Pakistan’s leading technology manufacturer and distributor, has formally launched Hisense in Pakistan,

OGDC’s strategic drive for sustainable growth and responsible value creation

OGDC has launched a comprehensive and focused production optimisation initiative aimed at reversing natural declines in mature fields and unlocking additional hydrocarbon output.

Most Popular

Unofficial results show PPP leading the GB race with victory on 10 seats

US family moves LHC for grant of citizenship to its kids

Naqvi takes CDF’s message to Tehran amid stalemate

Gul Ahmed announces $230m data centre

What’s eating Pakistan’s mangoes?

Large parts of country set to experience heatwave conditions from June 7 to 12: PMD

Suspect killed after acid attack on female doctor

28th amendment

Is Islamic banking Islamic?

Latest Stories

6 personnel martyred, 4 injured as terrorists attempt to capture Frontier Constabulary post in Peshawar: sources

Trump says US helicopter pilots who went down in Strait of Hormuz are fine

PM Shehbaz urges for expanding, accelerating Discos privatisation

Trump greeted with boos at NBA Finals in Madison Square Garden

Outdoor hospitals, cut-off communities as Philippine quake toll hits 41

England cricket board investigates Stokes, Atkinson for breaking team rules in nightclub incident

Opinion

Budget blues

Arifa Noor

Everyone, it seems, has suddenly realised the poor state of the economy.

Updated 09 Jun, 2026

Any cat to catch the mice

Jawed Naqvi

09 Jun, 2026

Tech net loss

Shahzad Sharjeel

09 Jun, 2026

Karachi’s quandary

Dr Niaz Murtaza

Updated 08 Jun, 2026

Respite needed

Umair Javed

Editorial

09 Jun, 2026

Doctor attacked

AN act of reprehensible violence has shaken the medical community. On Saturday, an employee of the Provincial Civil...

Updated 09 Jun, 2026

AJK flare-up

The situation started deteriorating after a trader affiliated with the JAAC was reportedly shot in an altercation with law-enforcers.

09 Jun, 2026

Fault lines

THE April 8 ceasefire that halted hostilities between Israel and Iran has encountered its most serious test yet....

08 Jun, 2026

Soft on traders

THE Fixed Tax Asaan Scheme for traders with an annual turnover of up to Rs200m has been designed as a ‘pragmatic...

Updated 08 Jun, 2026

Ceasefire in name

Both sides accuse the other of violating the truce that was supposed to halt the conflict in April, yet neither appears willing to abandon negotiations altogether.

08 Jun, 2026