Hallwood Group Announces a Cash Distribution in Partial Liquidation to Stockholders and Equivalent Special Bonus to Option Holders Apr 22, 2005
The distribution is in partial liquidation of the Company as a result of the Company's disposition of its real estate interests and partnership units relating to Hallwood Realty Partners, L.P. on July 16, 2004 and determination to discontinue the Company's real estate activities. In connection with the plan of partial liquidation, the board of directors may again review the cash position of the Company at any time through December 31, 2005 and determine to distribute additional liquidating... (Yahoo Finance -- Textiles - Non Apparel)
Sources: M&T considering move to Montgomery Park Aug 11, 2004
In response to queries from the Baltimore Business Journal, Phil Hosmer, a spokesman for M&T Bank, wrote in an e-mail, "It's not our policy to discuss the status of lease negotiations publicly -- and we have no announcements to make at this time.'' Similarly, David Tufaro, one of the developers of Montgomery Park, declined to comment specifically about M&T's interest in the project. But Thomas M. Cicotello, area manager for REIT Management & Research LLC confirmed HRPT recently assumed ownership... (Baltimore Business Journal, MD)
HRPT shows profit boost, interest in Baltimore Aug 6, 2004
Through the purchase of Hallwood Realty Partners that closed in July, HRPT picked up another prominent financial landmark in downtown Baltimore, the M Bank Tower at 25 S. Charles St. The 343,343-square-foot Charles street tower is valued at $28. 2 million, while Candler -- about 551,000 square feet -- is valued at $52. (Boston Business Journal, MA)
HRPT strikes deal to buy 2 Hopkins Plaza Aug 5, 2004
Through the recent purchase of Hallwood Realty Partners, HRPT picked up the M&T Bank Tower at 25 S. Charles St. And, more than a year ago, the trust acquired the Candler Building at 34 Market Place. The Baltimore Business Journal first reported on June 25 that HRPT was close to acquiring both the M&T Bank tower and the Mercantile building. (Baltimore Business Journal, MD)
HRPT acquires Hallwood for $247 million Jul 17, 2004
Newton-based HRPT Properties Trust, a U.S. real estate investment trust with 42 million square feet of office and industrial properties, completed its $247 million purchase of Hallwood Realty Partners LP, which billionaire financier Carl Icahn had tried to take over. In addition to the $247 million purchase price, HRPT assumed about $207 million of Hallwood mortgage debt, according to a statement distributed by Business Wire. (Boston Business Journal, MA)
Arbitrage Spreads On Pending Mergers & Acquisitions -2- May 24, 2004
13% -HRPT Properties Trust (HRP), Hallwood Realty Partners L.P. (HRY) Current discount: 5. 91 or 4. (Yahoo News)
HRPT to acquire Hallwood Realty for $250M Apr 17, 2004
-based HRPT Properties Trust announced Friday that it has entered an agreement to acquire all of the limited and general partnership interests of Dallas-based Hallwood Realty Partners LP for $250 million. The deal will give HRPT office and industrial properties in seven markets, including Atlanta and San Diego. (Dallas Business Journal, TX)
Icahn Unit Announces Extension of Expiration Date of Tender Offer ... Dec 19, 2003
Icahn Unit Announces Extension of Expiration Date of Tender Offer for Hallwood Realty Units. NEW YORK, Dec. 19 /PRNewswire/ -- High River Limited Partnership ("High River"), an affiliate of Carl C. Icahn, today announced that it is extending the expiration date of its tender offer (the "Offer") for any and all of the limited partnership units ("Units") of Hallwood Realty Partners, L.P. (Amex: HRY) (the "Partnership") until 5:00 pm, New York City time, on Friday, January 16, 2004, unless... (press release)
