Mission West manages, leases, markets, develops and acquires commercial R&D properties located primarily in the Silicon Valley. The company's portfolio includes 107 properties totaling approximately 7.7 million sf (net rentable).
The negotiations were announced late Friday. Mission West's closing share price on Thursday was $13.40. On Friday, share closed at $13.69.
The proposed deal is subject to the buyer's due diligence and the negotiation and execution of a definitive agreement. The transaction is also dependent upon the buyer's acquisition financing, resolution of tax issues, regulatory reviews and a vote of Mission West stockholders.
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