Monday, June 4, 2007

Segro sells U.S. unit to HCP for $2.9 bln

(Reuters) - Segro, formerly Slough Estates, said on Monday it would return 250 million pounds of the proceeds from the sale of Slough Estates USA to shareholders via a special dividend.




The firm, which announced a strategic review of its U.S. assets in November, said it would receive net proceeds receivable would amount to 574 million pounds after deducting tax, debt and related costs.


Read more at Reuters.com Business News

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