Home / Industry / Construction / Home Properties sets meeting for deal approval

Home Properties sets meeting for deal approval

Home Properties Inc. plans to hold a special meeting of stockholders in October asking for approval to be acquired by a global private-equity firm.

The meeting will be held at Home Properties office at Clinton Square at 10 a.m. Oct. 1, the company said.

In June, Home Properties announced it had agreed to be acquired for close to $7.6 billion by an affiliate of Lone Star Real Estate Fund IV L.P. The all-cash transaction includes the assumption of existing debt.
In addition to voting on the agreement, shareholders as of Aug. 14 will vote on a non-binding, advisory proposal to approve the compensation that may become payable to the company’s named executive officers in connection with the deal.

Shareholders also will vote on a proposal to approve any adjournments of the special meeting for the purpose of soliciting additional proxies if there are not sufficient votes at the special meeting to approve the agreement.

(c) 2015 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail rbj@rbj.net.


Check Also

Steve Hoover

Hoover returns to Rochester area to head new cybersecurity institute at RIT (access required)

Rochester Institute of Technology has a brand-new institute focusing on cybersecurity and has wooed a former Xerox executive away from ...

Tamara MacDuff

MacDuff new president of consultants network (access required)

Tamara MacDuff, owner of NOW Digital Marketing, has been named president of the Rochester Professional Consultants Network. Enhancing the connection ...