BioMed Stock Rises on Report of Possible Sale
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BioMed controls a portfolio of more than 18 million square feet, including the Landmark at Eastview in Tarrytown, NY.
SAN DIEGO—Shares of BioMed Realty Trust were up by 14% early Wednesday afternoon following a Bloomberg Business report late Tuesday that the company is exploring a sale and has drawn interest from firms including theBlackstone Group. A Blackstone spokesman declined comment; GlobeSt.com’s requests for comment to BMR and to Morgan Stanley—which the biotechnology REIT reportedly has hired to assist in exploring a sale—were not returned by early Wednesday afternoon.
Bloomberg’s report cited unnamed sources said to be familiar with the matter. Discussions are ongoing and there is no guarantee that a transaction will take place, the sources told Bloomberg…
