BioMed Realty Strikes $640M Merger Deal With Wexford

Law360, Los Angeles (March 27, 2013, 9:10 PM EDT) -- BioMed Realty Trust Inc. said Wednesday that it has inked a $640 million deal to merge with private equity-owned Wexford Science & Technology LLC in a bid to cement its position as a leading provider of real estate to the life science industry.

Wexford Science & Technology, a subsidiary of Wexford Equities LLC, will operate as a wholly owned subsidiary of BioMed, BioMed said in a statement. The deal includes about $169 million in assumption of debt at fair value, about $133 million of common equity of...
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