Mission West manages, leases, markets, develops and acquirescommercial R&D properties located primarily in the SiliconValley. The company's portfolio includes 107 properties totalingapproximately 7.7 million sf (net rentable).
The negotiations were announced late Friday. Mission West'sclosing share price on Thursday was $13.40. On Friday, share closedat $13.69.
The proposed deal is subject to the buyer's due diligence andthe negotiation and execution of a definitive agreement. Thetransaction is also dependent upon the buyer's acquisitionfinancing, resolution of tax issues, regulatory reviews and a voteof Mission West stockholders.
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