RTTNews | Sep 7, 2021 07:11AM EDT

07:10 Tuesday, September 7, 2021 (RTTNews.com) - Columbia Property Trust, Inc. (CXP) has agreed to be acquired by funds managed by Pacific Investment Management Company LLC, or PIMCO for $3.9 billion including debt. PIMCO will acquire all of the outstanding shares of Columbia stock for $19.30 per share in cash.

Columbia Property Trust shareholders will be entitled to receive the third quarter dividend of $0.21. The company will not pay additional quarterly dividends during the pendency of the deal.

PIMCO, one of the world's premier fixed income investment managers, is owned by Allianz S.E., a diversified financial services provider.

Shares of Columbia Property Trust were up 15% in pre-market trade on Tuesday.

Read the original article on RTTNews ( https://www.rttnews.com/3223648/columbia-board-reaches-agreement-with-pimco-shareholders-to-receive-19-30-share.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved