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Wednesday, 06 December 2000

Security Capital, SC-U.S. Realty Set Date for Merger Vote

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December 7, 2000

CHICAGO – Security Capital Group Inc. (NYSE:SCZ) and SC-U.S. Realty (NYSE:RTY) have set a record date for shareholders to vote on their proposed $1.4 billion merger.

Shareholders of record at Security Capital and at SC-U.S. Realty as of Dec. 8 will be entitled to vote on the transactions.

The Security Capital Group meeting will be held on Jan. 12 in Santa Fe, N.M., and the SC-U.S. Realty meeting will be held on Jan. 16 in Luxembourg.

Under terms of the proposed merger, shareholders of SC-U.S. Realty will receive 1.15 shares of SCZ Class B common stock for each share of outstanding SC-U.S. Realty stock, and Security Capital Group will acquire the assets and assume or provide the necessary funds to satisfy the liabilities of SC-U.S. Realty.

Security Capital Group will not be obligated to proceed with the transaction should shareholder elections require cash payments in excess of $200 million.

Up to $200 million will be available to dissenting SC-U.S. Realty shareholders that elect to receive cash in lieu of stock in the transaction.


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Additional Info

  • Syndicate to Realpoint: No
  • Subject: Mergers & Acquisitions (M&A)
  • Company: Shurgard Storage Centers
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Data Digest

 

CMBS DELINQUENCY VOLUME

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CMBS SPECIAL SERVICING VOLUME

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Top Bookrunners Domestic, Private-Label CMBS - 2017
Investment Bank #Deals Vol$mln MktShr%
Goldman Sachs 17.59 11,819.34 13.68
JPMorgan Securities 14.52 10,968.11 12.70
Citigroup 12.04 10,012.71 11.59
Wells Fargo Securities 14.02 9,936.06 11.50
Deutsche Bank 12.55 9,879.74 11.44

 

RCA CPPI

 

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CMBS 2.0 Spreads

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Top CMBS Loan Contributors - 2017
Lender #Loans Vol$mln MktShr%
Goldman Sachs 146.89 11,719.34 13.63
JPMorgan Chase Bank 117.68 10,114.14 11.76
Deutsche Bank 198.48 9,689.97 11.27
Morgan Stanley 166.18 8,539.78 9.93
Citigroup 199.05 8,088.24 9.41

 

 

 

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