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;’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…

BioMed Stock Rises on Report of Possible Sale

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