Shaw Capital Working Tips: Prime Group Realty Trust Selling Itself to Five Mile Capital Partners
In what is expected to be a multi-million-dollar transaction, Chicago-based Prime Group Realty Trust (PINK SHEETS: PMGEP) and Five Mile Capital Partners LLC, a Connecticut-based alternative investment and asset management company, jointly announced that affiliates of Five Mile have signed a definitive merger contract and other agreements to acquire the REIT. The deal is expected to close in the second half of 2011.
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