Blackstone Inks $2 Billion Deal To Acquire Excel Trust Inc

April 10, 2015 7:13 PM

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Excel Trust disclosed today that it had entered into a definitive agreement to be bought by The Blackstone Group L.P. (NYSE:BX) Property Partners, a division of Blackstone Group, for about $2 billion in cash.

The announcement comes close on the heels of General Electric Company (NYSE:GE) disclosing that Blackstone Group and Wells Fargo & Co (NYSE:WFC) & Co would buy most of the assets of GE Capital Real Estate in a deal valued at about $27 billion.

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