RTTNews | Aug 16, 2021 07:58AM EDT

07:58 Monday, August 16, 2021 (RTTNews.com) - Equity Commonwealth (EQC) and Monmouth Real Estate Investment Corporation (MNR) have amended their merger agreement, under which Equity Commonwealth revised its offer to pay a total value of $19.00 per share in a combination of cash and stock. Total consideration for the deal is $3.4 billion. Monmouth shareholders will have the option to elect to receive, for each common share, either $19.00 of cash or 0.713 shares of Equity Commonwealth stock.

Equity Commonwealth noted that its revised offer provides Monmouth shareholders with the option to elect to receive consideration in cash, but also provides a tax-deferred option to remain invested in the future upside of the company's business.

Equity Commonwealth and Monmouth shareholders are expected to own approximately 73% and 27%, respectively, of the pro forma company.

Read the original article on RTTNews ( https://www.rttnews.com/3219013/equity-commonwealth-monmouth-amend-merger-deal-quick-facts.aspx)

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