UPDATE: Stifel Terminates Coverage on MPG Office Trust Following Completion of Acquisition by Brookfield Office Properties
Benzinga 13 years ago
Analyst ColorTerminationAnalyst Ratings
In a report published Wednesday, Stifel analyst John Guinee terminated coverage on MPG Office Trust (NYSE: MPG).
In the report, Stifel noted, “On April 25, 2013, Brookfield Office Properties (BPO, Sell, $18.82) announced its intention to acquire MPG Office for $3.15/sh in cash to the common shareholders and $25/sh in cash to the preferred shareholders. The acquisition was consummated [yesterday], October 15, 2013 and thus we are discontinuing coverage of MPG. Our last rating was a Hold.”
MPG Office Trust closed on Tuesday at $3.14.