First Potomac Realty Trust Shareholders Approve Acquisition by Government Properties Income Trust
27 9월 2017 - 12:28AM
Business Wire
First Potomac Realty Trust (NYSE:FPO) (“First Potomac” or the
“Company”) today announced that, at a special meeting held earlier
today, First Potomac shareholders voted to approve the previously
announced acquisition of the Company by Government Properties
Income Trust (Nasdaq: GOV). The final vote results will be reported
on a Form 8-K filed with the Securities and Exchange
Commission.
The transaction is expected to close in October, subject to
customary closing conditions. Upon completion of the transaction,
trading of the common shares of First Potomac on the New York Stock
Exchange will cease, and each outstanding common share of First
Potomac will be converted into the right to receive $11.15 in
cash.
“We are pleased with the outcome of today’s vote and thank all
First Potomac shareholders for their support,” said Robert
Milkovich, Chief Executive Officer of First Potomac Realty Trust.
“Given the complementary nature of our assets and businesses, we
are confident that GOV is the ideal strategic acquirer of First
Potomac. We look forward to completing the transaction and
delivering compelling cash value to the Company’s
shareholders.”
About First Potomac Realty Trust
First Potomac Realty Trust is a self-administered, self-managed
real estate investment trust that focuses on owning, operating,
developing and redeveloping office and business park properties in
the greater Washington, D.C. region. FPO common shares (NYSE:FPO)
are publicly traded on the New York Stock Exchange.
Forward-Looking Statements
The forward-looking statements contained in this press release,
including statements regarding the proposed merger transaction and
the timing of such transaction, are subject to various risks and
uncertainties. Although the Company believes the expectations
reflected in any forward-looking statements contained herein are
based on reasonable assumptions, there can be no assurance that the
Company’s expectations will be achieved. Forward-looking
statements, which are based on certain assumptions and describe
future plans, strategies and expectations of the Company, are
generally identifiable by use of the words “believe,” “expect,”
“intend,” “anticipate,” “estimate,” “project,” or other similar
expressions. Such statements involve known and unknown risks,
uncertainties, and other factors that may cause the actual results
of the Company to differ materially from future results,
performance or achievements projected or contemplated in the
forward-looking statements. Certain factors include, among others,
the satisfaction or waiver of other conditions in the merger
agreement governing the merger with GOV (the “Merger Agreement”);
the Company’s or GOV’s ability to consummate the proposed merger
transaction; the outcome of any legal proceedings that may be
instituted against the Company and others related to the Merger
Agreement; the possibility that the anticipated benefits and
synergies from the proposed transaction cannot be fully realized or
may take longer to realize than expected; the possibility that
costs or difficulties related to the integration of the Company’s
and GOV’s operations will be greater than expected; operating costs
and business disruption may be greater than expected; the ability
of the Company, GOV, or the combined company to retain and hire key
personnel and maintain relationships with providers or other
business partners pending the consummation of the transaction;
changes in general or regional economic conditions; and the impact
of legislative, regulatory and competitive changes and other risk
factors detailed in the Company’s Annual Report on Form 10-K for
the year ended December 31, 2016 and the Company’s Quarterly Report
on Form 10-Q for the quarter ended June 30, 2016 and described from
time to time in the Company’s filings with the SEC.
The risks set forth above are not exhaustive. Many of these
factors are beyond the Company’s ability to control or predict.
Forward-looking statements are not guarantees of performance. For
forward-looking statements herein, the Company claims the
protection of the safe harbor for forward-looking statements
contained in the Private Securities Litigation Reform Act of 1995.
The Company assumes no obligation to update or supplement
forward-looking statements that become untrue because of subsequent
events. The Company does not intend to, and expressly disclaims any
duty to, update or revise the forward-looking statements in this
discussion to reflect changes in underlying assumptions or factors,
new information, future events or otherwise, after the date hereof,
except as may be required by law. In light of these risks and
uncertainties, you should not rely upon these forward-looking
statements after the date of this communication and should keep in
mind that any forward-looking statement made in this discussion, or
elsewhere, might not occur.
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version on businesswire.com: http://www.businesswire.com/news/home/20170926006331/en/
Media:Joele Frank, Wilkinson Brimmer KatcherJonathan
Keehner / Andrew Siegel212-355-4449orInvestors:First Potomac
Realty TrustRandy Haugh, 240-235-5573Vice President,
Financerhaugh@first-potomac.com
First Potomac (NYSE:FPO)
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First Potomac (NYSE:FPO)
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