(For more retail coverage, click GlobeSt.com/RETAIL.)
ORLANDO-The stockholders of locally based restaurant REITTrustreet Properties Inc. have approved an agreement to beacquired by Scottsdale, AZ-based GE Capital Solutions, FranchiseFinance. The deal is valued at approximately $3 billion, asGlobeSt.com first reported in October.
At a special meeting of stockholders, 97.23% of the shares ofTrustreet common stock present and voting at the meeting voted infavor of the merger, representing 62.98% of the total number ofshares of common stock that were entitled to vote at the meeting.Trustreet expects the merger to be completed on Feb. 26.
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