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GlobeSt.com UPDATE: Berkshire Ups Ante After Oriole TCT Bid
By Brian K. MillerPALO ALTO, CA-The Essex-led JV turned its proposed $36-per share offer for Town and Country into a definitive one early Tuesday, but by the end of the day Berkshire Property Investors had bested their bid by a $1 per share. Meanwhile, the TCT board already has recommended shareholders approve a previous bidder's sub-$34 offer at a vote set to occur early next month.
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