(Reuters) - Blackstone Group LP (BX.N) said on Monday it would buy Gramercy Property Trust (GPT.N), which is an asset manager of commercial real estate, in a deal valued at $7.6 billion in cash.
The $27.50-per-share offer represents a premium of 15.4 percent to Gramercy Property’s close on Friday at $23.82.
Reporting by Arunima Banerjee in Bengaluru; Editing by Bernard Orr
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