Expiration Date of Tender Offer for Common Shares In Wells Real Estate Investment Trust, Inc. Extended to July 20, 2007
12 Luglio 2007 - 11:10PM
PR Newswire (US)
NEW YORK, July 12 /PRNewswire/ -- Lex-Win Acquisition LLC, a joint
venture among Lexington Realty Trust (NYSE:LXP), Winthrop Realty
Trust (NYSE:FUR), an affiliate of Starwood Capital Group Global,
L.L.C. and two additional investors, today announced that it is
extending the expiration date of its tender offer for up to
45,000,000 shares of common stock in Wells Real Estate Investment
Trust, Inc. (Other OTC: WLRE.PK) at a price of $9.30 per share. The
offer has been extended so that it will now expire at 5:00 p.m.,
New York time on July 20, 2007. Lex-Win recently has been informed
that numerous Wells stockholders had not until recently received
the information relating to Lex-Win's offer including, most
specifically, individuals whose shares are held in custodial
accounts such as IRA or 401k accounts. The extension of the offer
is being made to afford all Wells stockholders an opportunity to
review the offer materials and make an informed decision. At the
close of business on July 12, 2007, Lex-Win had received tenders
for 2,787,444 shares. Lex-Win's offer is being made subject to the
terms and conditions set forth in, and solely through its Offer to
Purchase, dated May 25, 2007, as amended by Supplement No. 1
thereto dated June 12, 2007, and the related Letter of Transmittal
and any amendments or supplements thereto, and is being made to all
holders of shares. Copies of Lex-Win's Offer to Purchase, the
related Letter of Transmittal and other tender offer materials may
be obtained from Lex-Win's information agent for the offer,
MacKenzie Partners, Inc., (212) 929-5500 (call collect), or
Toll-Free: (800) 322-2885. This press release is neither an offer
to purchase nor a solicitation of an offer to sell shares. The
offer is made solely by the Offer to Purchase, dated May 25, 2007,
as amended by Supplement No. 1 thereto dated June 12, 2007, and the
related Letter of Transmittal and any amendments or supplements
thereto, and is being made to all holders of shares. The offer is
not being made to (nor will tenders be accepted from or on behalf
of) holders of shares in any jurisdiction in which the making of
the offer or the acceptance thereof would not be in compliance with
the laws of such jurisdiction. DATASOURCE: Lex-Win Acquisition LLC
CONTACT: Beverly Bergman of Winthrop Realty Trust, +1-617-570-4614;
or Carol Merriman, VP Investor Relations & Corporate
Development of Lexington Realty Trust, +1-212-692-7264,
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