US - CalWest, the joint venture between real estate investment manager RREEF and the $151bn California Public Employees' Retirement System (CalPERS), has acquired Cabot Industrial Trust, a Boston based owner and operator of industrial properties, for $2.1bn.
Under the terms of the agreement, CalPERS and RREEF will pay $24 a share for all outstanding Cabot shares. The all cash transaction is expected to be completed in December and represents a 20% prem...
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