Private equity firm Blackstone Group has agreed to buy commercial real estate company CarrAmerica Realty Corp. for $5.6 billion to give it a platform for future investments in the office sector, the companies said on Monday.
Blackstone will acquire all CarrAmerica shares for $44.75 each, which represents a premium of nearly 9 percent over CarrAmerica’s closing stock price of $41.08 on Friday.