First Union Real Estate Equity and Mortgage Investments Increases Consideration Payable in Connection With the Proposed Merger W
19 Avril 2004 - 5:27PM
PR Newswire (US)
First Union Real Estate Equity and Mortgage Investments Increases
Consideration Payable in Connection With the Proposed Merger With
Atlantic Realty Trust BOSTON, April 19 /PRNewswire-FirstCall/ --
First Union Real Estate Equity and Mortgage Investments has
notified Atlantic Realty Trust that it has increased the
consideration payable in connection with its proposed merger of
Atlantic Realty with and into First Union to $19.25 in cash or 0.8
preferred shares of beneficial interest of First Union, in each
case per common share of Atlantic Realty, subject to certain
conditions. For additional information with respect to the proposed
merger, reference is made to the Amendment to the Schedule 13D
filed today by First Union with the Securities and Exchange
Commission. Certain statements contained in this press release that
are forward- looking are based on current expectations that are
subject to a number of uncertainties and risks, and actual results
may differ materially. Further information about these matters and
the risks generally with respect to First Union can be found in
First Union's Annual Report on Form 10-K and Quarterly Reports on
Form 10-Q filed with the Securities and Exchange Commission. First
Union Real Estate Equity and Mortgage Investments is a NYSE-listed
real estate investment trust (REIT) headquartered in Boston,
Massachusetts. DATASOURCE: First Union Real Estate Equity and
Mortgage Investments CONTACT: Carolyn Tiffany, Chief Operating
Officer, +1-617-570-4614
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