Cantor Fitzgerald Upgrades Excel Trust (EXL) to Hold

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/9/2026

1. HUM
2. ALHC
3. SPCX
4. PEP
5. T
6. CVS
7. AXP
8. ZETA
9. UNH
10. SBUX

Go back to Cantor Fitzgerald Upgrades Excel Trust (EXL) to Hold

Excel Trust Enters Into Agreement to Be Acquired by Blackstone for $15.85 per Share

April 10, 2015 8:00 AM EDT

SAN DIEGO, CA -- (Marketwired) -- 04/10/15 -- Excel Trust, Inc. (NYSE: EXL) today announced that it has entered into a definitive agreement with Blackstone Property Partners L.P., under which Blackstone will acquire all outstanding shares of common stock of Excel Trust for $15.85 per share in an all-cash transaction valued at approximately $2 billion.

The transaction has been unanimously approved by Excel Trust's Board of Directors and represents a premium of nearly 15% over the Company's closing stock price on April 9, 2015. In addition to the common stock dividend of $0.18 per share payable on April 15, 2015,... More