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Updated from 11:02 a.m. EST
The Blackstone Group agreed to buy Equity Office Properties Trust(EOP Quote) in a deal valued at $36 billion, marking the largest real estate transaction in history and potentially the largest-ever private equity takeover.
Blackstone will pay $48.50 a share for the Chicago-based real estate investment trust, representing an 8.5% premium to Equity Office's closing price on Friday. The payment works out to roughly $20 billion.
Including the assumption of $16 billion in debt, the deal, if completed, would surpass the recent $33 billion purchase of hospital operator HCA as history's biggest private equity buyout. ...
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