Excel Trust shareholders are preparing to vote on the proposed $2B merger with Blackstone. The board has recommended that stockholders vote in favor of the deal. A release from Excel last month reported that Blackstone will pay $15.85 per share for all of Excel’s outstanding shares of common stock. The investment will be made through Blackstone Property Partners, Blackstone’s Core+ real estate investment unit. The deal is contingent upon customary closing conditions and is expected to be close in the second half of this year.
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