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ESS Essex Property Trust Inc

249.84
4.37 (1.78%)
Last Updated: 20:57:37
Delayed by 15 minutes
Share Name Share Symbol Market Type
Essex Property Trust Inc NYSE:ESS NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  4.37 1.78% 249.84 251.715 245.335 247.00 428,933 20:57:37

RWE: Dutch Province N Brabant Officially Approved Essent Bid

27/05/2009 12:41pm

Dow Jones News


Essex Property (NYSE:ESS)
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RWE AG (RWE.XE) said Wednesday the Dutch province of North Brabant, the largest single shareholder in Essent NV, has offically accepted the German utility's offer for its Dutch peer.

A spokeswoman for Germany's largest power producer by generation capacity said the approval by North Brabant raises the tender rate to above 80% of Essent's outstanding equity capital, which was one of the key conditions RWE has set for the offer.

In January, RWE announced its plan to acquire Essent for EUR9.3 billion, which includes around EUR1.1 billion in debt.

Company Web site: www.rwe.com

-By Jan Hromadko, Dow Jones Newswires; +49 69 29 725 503; jan.hromadko@dowjones.com

 
 

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