First Potomac Realty Trust Shareholders Approve Acquisition by Government Properties Income Trust

9/26/17

BETHESDA, Md.--(BUSINESS WIRE)--First Potomac Realty Trust (NYSE:FPO) (“First Potomac” or the “Company”) today announced that, at a special meeting held earlier today, First Potomac shareholders voted to approve the previously announced acquisition of the Company by Government Properties Income Trust (Nasdaq: GOV). The final vote results will be reported on a Form 8-K filed with the Securities and Exchange Commission.

The transaction is expected to close in October, subject to customary closing conditions. Upon completion of the transaction, trading of the common shares of First Potomac on the New York Stock Exchange will cease, and each outstanding common share of First Potomac will be converted into the right to receive $11.15 in cash.

“We are pleased with the outcome of today’s vote and thank all First Potomac shareholders for their support,” said Robert Milkovich, Chief Executive Officer of First Potomac Realty Trust. “Given the complementary nature of our assets and businesses, we are confident that GOV is the ideal strategic acquirer of First Potomac. We look forward to completing the transaction and delivering compelling cash value to the Company’s shareholders.”

About First Potomac Realty Trust

First Potomac Realty Trust is a self-administered, self-managed real estate investment trust that focuses on owning, operating, developing and redeveloping office and business park properties in the greater Washington, D.C. region. FPO common shares (NYSE:FPO) are publicly traded on the New York Stock Exchange.

Recent Deals

Interested in advertising your deals? Contact Edwin Warfield.

Connect with these Baltimore Professionals on LinkedIn

  • Edwin Warfield

    Editor in Chief, Warfield Digital

    Connect
  • Jean Halle

    Independent Consultant

    Connect
  • Larry Lichtenauer

    President of Lawrence Howard & Associates

    Connect
  • Newt Fowler

    Partner at Womble Carlyle, LLP

    Connect
  • David Crowley

    Owner at Develop DC

    Connect
  • Carolyn Stinson

    Stinson Marketing Group

    Connect