In addition, locally based Quadra will declare a $0.35 per share dividend--$9 million in the aggregate--payable to stockholders of Quadra who hold shares of Quadra common stock. Such dividend will not be paid if the tender offer is not closed.
Pursuant to the terms of the merger agreement, a newly formed subsidiary of HRECC will start a tender offer shortly after Feb. 4, 2008 to acquire all of the outstanding shares of Quadra's common stock--other than any shares held by HRECC, Merger Sub or any of their subsidiaries or affiliates.
J.P. Morgan Securities Inc. is acting as financial advisor and Clifford Chance US LLP is acting as legal advisor to HRECC. Blackstone Advisory Services LP, a subsidiary of the Blackstone Group, is acting as financial advisor, and Bass, Berry & Sims PLC is acting as legal advisor to the special committee of the board of directors of Quadra.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
