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Essex Property Trust proposes acquisition of BRE Properties

( December 9, 2013, 10:00 GMT | Official Statement) -- MLex Summary: NYSE-listed fully integrated real estate investment trust Essex Property Trust has proposed  acquiring NYSE-listed apartment communities owner, operator and developer BRE Properties, paying 0.2971 shares of Essex common stock and $12.33 in cash for each outstanding share of BRE common stock. The companies are still engaged in merger discussions.Statement follows in full....

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