By Nathalie Tadena
Brookfield Office Properteis Inc. (BPO, BPO.T) extended its
tender offer for MPG Office Trust Inc.'s (MPG) preferred stock
until Sept. 23.
Brookfield, an office-properties onwer, developer and manager,
in April agreed to acquire MPG Office for $180 million in cash as
it looks to expand its downtown Los Angeles office portfolio. It
launched a cash tender offer in early May to buy all of MPG's
outstanding preferred stock at $25 a share.
The tender offer had been previously set to expire Monday.
Except for the extension of the expiration date, all other terms
and conditions of the tender offer remain unchanged.
As of Friday, about 84,441 shares of MPG preferred stock had
been tendered and not withdrawn from the offer.
Brookfield shares were up 2.4% to $16.82 in recent trading,
while MPG's shares were up by a penny to $3.12.
Write to Nathalie Tadena at nathalie.tadena@wsj.com
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