First Potomac Realty Trust (FPO^A) stock prices updated...
 

First Potomac Realty Trust stock price

First Potomac Realty Trust latest news:


  • 06/28/2017 04:53:02

    First Potomac Realty Trust to be bought in a $1.4 billion deal by Government Properties

    First Potomac Realty Trust announced Wednesday an agreement to be acquired by Government Properties Income Trust in a deal valued at $1.4 billion, including debt. Under terms of the deal, First Potomac shareholders will receive $11.15 a share in cash for each First Potomac share they own, which is 1.8% below Tuesday's closing price of $11.35, but a 5.1% above the April 24 close of $10.61, which was the last trading day before media speculation of a potential sale of the real estate investment trust. The deal is expected to close before the end of the year. First Potomac's stock has gained 3.5% year to date through Tuesday, while Government Properties shares have rallied 15%. In comparison, the SPDR Real Estate Select Sector ETF has climbed 5.7% so far this year and the S&P 500 has tacked on 8.1%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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