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CarrAmerica Realty Corp.
Ticker Symbol: CRE* CUSIP: 144418100 Exchange: NYSE
* NOTE: This security is no longer trading as of 7/13/2006
Company's Online Profile
BUSINESS: CarrAmerica owns, develops and operates office properties in 12 markets throughout the United States. CarrAmerica is a leading office innovator with interests in and strategic relationships with companies including: HQ Global Workplaces, a global leader in executive office suites; e'ssention, the engine behind InfoCentre, a web- based operations and issues management platform and DukeSolutions, a Duke Energy subsidiary providing comprehensive energy management programs. Currently, CarrAmerica and its affiliates own, directly or through joint ventures, interests in a portfolio of 288 operating office properties and have eight office buildings under development in six key growth markets. CarrAmerica's markets include Atlanta, Austin, Chicago, Dallas, Denver, Los Angeles/Orange County, Portland, Salt Lake City, San Diego, San Francisco Bay Area, Seattle and metropolitan Washington, D.C.
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Notes: July 13, 2006 -- CarrAmerica Realty Corporation today announced that it has completed the merger of CarrAmerica with and into Nantucket Acquisition Inc., an affiliate of The Blackstone Group, and the other transactions contemplated by the Agreement and Plan of Merger, dated as of March 5, 2006, as amended, by and among CarrAmerica, certain of its subsidiaries and affiliates of The Blackstone Group. Under the terms of the merger agreement, holders of CarrAmerica's common stock (other than CarrAmerica's subsidiaries and the Blackstone affiliate with which CarrAmerica merged) will receive $44.75 in cash, without interest, for each share of common stock issued and outstanding immediately prior to the effective time of the Merger, and holders of CarrAmerica's 7.50% Series E cumulative redeemable preferred stock will receive one share of 7.50% Series E cumulative redeemable preferred stock of the surviving corporation of the Merger on substantially the same terms as the CarrAmerica Series E Preferred Stock, for each share of CarrAmerica Series E Preferred Stock issued and outstanding immediately prior to the effective time of the Merger. As promptly as practicable, the surviving corporation will be liquidated into Nantucket Parent LLC, an affiliate of The Blackstone Group. In the liquidation, shares of the New Series E Preferred Stock will be canceled and the holders thereof will receive a cash distribution from the surviving corporation of $25.00 per share plus any accrued and unpaid dividends.
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Large Cap Stock -
Market Value $1.7 Billion
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 1850 K Street N.W., Washington, DC 20006 |
| Main Phone Number |
202-729-7500 |
| Fax Number |
202-729-1150 |
| Investor Contact
Stephen Walsh
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202-729-1764
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| Toll Free Phone Number |
800-417-2277 |
| CEO - Thomas A. Carr |
CFO - Richard F. Katchuk |
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