Moody's Investors Service headquarters at 7 World Trade Center
NEW YORK CITY–The waiting period for Moody's previously-announced acquisition of Reis expired on Friday allowing Moody's to go forward with its tender offer to purchase Reis' shares for $23.00 per unit. The all-cash transaction is about $278 million.
The transaction has been approved by the Boards of Directors of both companies.
The bid remains subject to other customary closing conditions.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
