Cousins Properties And TIER REIT Combine To Create The Preeminent Sun Belt Office REIT
Cousins Properties Incorporated (CUZ)
Last cousins properties incorporated earnings: 4/30 05:07 pm
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US:NYSE Investor Relations:
investors.cousinsproperties.com
Company Research
Source: PR Newswire
ATLANTA and DALLAS, March 25, 2019 /PRNewswire/ -- Cousins Properties (NYSE: CUZ) ("Cousins") and TIER REIT, Inc. (NYSE: TIER) ("TIER") announced today that they have entered into a definitive merger agreement to combine in a 100 percent stock-for-stock transaction. The transaction will create a Class A office REIT with a combined portfolio of over 21 million square feet located across the Sun Belt. The combined company will have an equity market capitalization of approximately $5.9 billion and a total market capitalization of approximately $7.8 billion.Under the terms of the agreement, Cousins will issue 2.98 shares of newly issued common stock in exchange for each share of TIER stock. The all-stock merger is intended to qualify as a tax-free "reorganization" for U.S. federal income tax purposes. Upon closing, Cousins and TIER stockholders will own approximately 72% and 28% of the combined company's stock, respectively. The transaction is subject to customary closing conditions, incl
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CUZ
News
- Cousins Properties Incorporated (NYSE: CUZ) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Should You Retain Cousins Properties (CUZ) Stock for Now? [Yahoo! Finance]Yahoo! Finance
- Cousins Properties Incorporated (NYSE: CUZ) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Cousins Properties Announces Dates for First Quarter 2024 Earnings Release and Conference CallPR Newswire
- Cousins Properties Incorporated (NYSE: CUZ) had its price target lowered by analysts at Barclays PLC from $29.00 to $25.00. They now have an "overweight" rating on the stock.MarketBeat
CUZ
Earnings
- 2/7/24 - In-Line
CUZ
Sec Filings
- 3/14/24 - Form DEF
- 3/14/24 - Form DEFA14A
- 2/21/24 - Form 4
- CUZ's page on the SEC website