X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN DIEGO-Price Enterprises Inc. announced today that, due to the closure of the financial markets and concurrent problems with mail delivery services, it has extended its exchange offer for debentures and secured notes of acquisition partner Excel Legacy Corp.

The company has extended its offer for all outstanding 9% convertible redeemable subordinated debentures and 10% secured notes due 2004 of Excel Legacy and also its tender offer for all outstanding shares of Price Enterprises’ common stock.

The exchange offer, consent solicitation and tender offer, which were scheduled to expire at 5 p.m. today, have been extended until 5 p.m. on Sept.18, unless further extended. All other terms remain unchanged.

Legacy and Price Enterprises have received stockholder approval for the merger and $100 million investment by Warburg Pincus in the combined company, Price Legacy Corp.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.