10.09.2009 - Lone Star's purchase of Japan REIT blocked again
From Reuters: U.S. fund Lone Star's planned takeover of a failed Japanese real estate investment trust (REIT) was blocked by creditors for the second time on Wednesday, a fresh setback in its attempts to scoop up distressed assets. The rejection of Lone Star's rescue plan by creditors of failed REIT New City Residence Investment Corp may open the door to a rival bid from Daiwa House Industry Co and a REIT affiliated with the Japanese home builder...............Full Article: Source
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