Prime Mansur Announces it is Immediately Instituting Litigation Against Prime Group Realty Trust Asserting its Rights Under Curr
09 Décembre 2004 - 2:20AM
PR Newswire (US)
Prime Mansur Announces it is Immediately Instituting Litigation
Against Prime Group Realty Trust Asserting its Rights Under Current
Merger Agreement CHICAGO, Dec. 8 /PRNewswire/ -- Prime/Mansur
announced today that its attorneys, Skadden, Arps, Slate, Meagher
& Flom LLP, are instituting litigation immediately against
Prime Group Realty Trust (NYSE:PGE) asserting its rights under the
current merger agreement. E. Barry Mansur, controlling shareholder
of Prime/Mansur said today, "Prime has wrongfully attempted to
terminate our jointly executed Merger Agreement which continues to
be in effect." "Pursuant to the Merger Agreement, on November 9,
2004, Prime/Mansur supplied a firm financing commitment for $122
million of acquisition financing which fully complied with the
terms of the Merger Agreement and was consistent with all previous
discussions with the company and its legal counsel." According to
Mansur, the parties continue with ongoing negotiations to resolve
their differences and complete the merger transaction. DATASOURCE:
Prime/Mansur CONTACT: E. Barry Mansur, Chairman and Chief Executive
Officer, Mansur & Company, Prime/Mansur Investment Partners
LLC, +1-312-263-2400
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