NEW YORK, NY -- (Marketwired) -- 06/27/13 -- Brookfield Office Properties Inc. (NYSE: BPO) (TSX: BPO) announced today that it is extending the previously announced cash tender offer made by its direct wholly-owned subsidiary Brookfield DTLA Inc. (DTLA Inc.) to purchase all outstanding shares of preferred stock of MPG Office Trust, Inc. (NYSE: MPG) until midnight, New York City time, on Wednesday, July 17, 2013. BPO previously announced its intention to acquire MPG through a newly formed fund controlled by BPO (the DTLA Fund) on Thursday, April 25, 2013 pursuant to a merger agreement executed on April 24, 2013. Upon the closing of the tender offer, preferred stockholders of MPG will receive $25.00 in cash for each share of MPG preferred stock validly tendered and not validly withdrawn in the offer, without interest and less any required withholding taxes. Shares of MPG preferred stock that are tendered and accepted for payment in the tender offer will not receive any accrued and unpaid dividends on those shares.
BPO also announced today that DTLA Inc. is assigning all of its rights and obligations with respect to the tender offer to a direct wholly-owned subsidiary of the DTLA Fund (the Maryland Purchaser). The assignment of the tender offer to the Maryland Purchaser will not affect tendering stockholders in the offer.
The tender offer had been previously set to expire at 12:00 midnight, New York City time, at the end of Friday, July 12, 2013. Except for the extension of the expiration date and the assignment of the offer from DTLA Inc. to the Maryland Purchaser, all other terms and conditions of the tender offer remain unchanged.
The Depositary and Paying Agent for the tender offer is American Stock Transfer & Trust Company, LLC, 6201 15th Avenue, Brooklyn, New York 11219. The Information Agent for the tender offer is MacKenzie Partners, Inc., 105 Madison Avenue, New York, New York 10016. The tender offer materials may be obtained at no charge by directing a request by mail to MacKenzie Partners, Inc. or by calling (800) 322-2885. Fried, Frank, Harris, Shriver & Jacobson LLP is acting as legal advisor to BPO.
Based on information received from the Depositary, as of June 26, 2013, approximately 2,530 shares of MPG preferred stock had been tendered and not withdrawn from the offer. Stockholders who have already tendered their shares do not have to re-tender their shares or take any other action as a result of the extension of the expiration date.
About Brookfield Office Properties
Brookfield Office Properties owns, develops and manages premier office properties in the United States, Canada, Australia and the United Kingdom. Its portfolio is comprised of interests in 109 properties totaling 81 million square feet in the downtown cores of New York, Washington, D.C., Houston, Los Angeles, Denver, Seattle, Toronto, Calgary, Ottawa, London, Sydney, Melbourne and Perth, making it the global leader in the ownership and management of office assets. Landmark properties include Brookfield Places in New York City, Toronto and Perth, Bank of America Plaza in Los Angeles, Bankers Hall in Calgary, and Darling Park in Sydney. The company's common shares trade on the NYSE and TSX under the symbol BPO. For more information, visit www.brookfieldofficeproperties.com.
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