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CarrAmerica Realty Corp., 7.50% Series E Cumul Redeem Preferred Stock
Ticker Symbol: CRE-E* CUSIP: 144418704 Exchange: NYSE
* NOTE: This security is no longer trading as of 7/13/2006
Security has been Called for: Thursday, July 13, 2006
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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QUANTUMONLINE.COM SECURITY DESCRIPTION: CarrAmerica Realty Corp., 7.50% Series E Cumulative Redeemable Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 9/25/2008 at $25 per share plus accrued and unpaid dividends, with no stated maturity, and with distributions of 7.50% ($1.875) per annum paid quarterly on 2/28, 5/31, 8/31 & 11/30 to holders of record on the date fixed by the board, not more than 30 days or less than 10 days prior to the payment date. In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (CRE)
IPO - 9/8/2003 - 7.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $175.0 Million
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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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