|07/31/15||Blackstone Completes Acquisition of Excel Trust|
|SAN DIEGO, CA -- (Marketwired) -- 07/31/15 --
Excel Trust, Inc. (NYSE: EXL) reported today the completion of its previously announced acquisition by Blackstone.
Gary B. Sabin, Chairman and Chief Executive Officer of Excel Trust, stated, "In 2010 we set out to assemble a strong portfolio of open-air centers that would generate attractive returns. We greatly appreciate the trust our shareholders placed in us, and are pleased to see our efforts validated through this transaction with Blackstone.... |
|07/28/15||Excel Trust Stockholders Approve Acquisition by Blackstone|
|SAN DIEGO, CA -- (Marketwired) -- 07/28/15 --
Excel Trust, Inc. (NYSE: EXL) announced that its common stockholders approved the acquisition of Excel Trust by Blackstone at its special meeting of stockholders held earlier today. Subject to the satisfaction or waiver of all closing conditions related to the transaction, Excel Trust expects the transaction to close on July 31, 2015, at which time trading of the Company's shares on the New York Stock Exchange will cease.
As announced previously,... |
|04/29/15||Excel Trust Announces Results for the Quarter Ended March 31, 2015, Declares Dividend|
|SAN DIEGO, CA -- (Marketwired) -- 04/29/15 --
Excel Trust, Inc. (NYSE: EXL) (the "Company") announced today financial and operating results for the quarter ended March 31, 2015. A supplemental financial package with additional information can be found on Excel Trust's website under the Investor Relations tab.
Highlights for the First Quarter 2015
Reported Adjusted Funds From Operations (AFFO) for the quarter of approximately $16.0 million, or $0.25 per diluted share
|04/10/15||Excel Trust Enters Into Agreement to Be Acquired by Blackstone for $15.85 per Share|
|SAN DIEGO, CA -- (Marketwired) -- 04/10/15 --
Excel Trust, Inc. (NYSE: EXL) today announced that it has entered into a definitive agreement with Blackstone Property Partners L.P., under which Blackstone will acquire all outstanding shares of common stock of Excel Trust for $15.85 per share in an all-cash transaction valued at approximately $2 billion.
The transaction has been unanimously approved by Excel Trust's Board of Directors and represents a premium of nearly 15% over the Company's clos... |