AMLI Residential Completes Previously Announced Merger
08 February 2006 - 7:38AM
PR Newswire (US)
CHICAGO, Feb. 7 /PRNewswire-FirstCall/ -- AMLI Residential
Properties Trust (NYSE:AML) announces today the completion of its
previously announced merger with and into Morgan Stanley Real
Estate's Prime Property Fund (PRIME). As a result of the merger,
holders of record on February 7, 2006 of AMLI common shares and
limited partnership units in AMLI Residential Properties, L.P. are
entitled to receive $37.952667 in cash per share. AMLI common
shareholders whose shares are held by a broker, bank or other
nominee should contact such broker, bank or other nominee regarding
receipt of the merger consideration. The paying agent for the
merger transaction is Computershare Trust Company, N.A.
Computershare will, by February 14, 2006, mail to AMLI common
shareholders of record and AMLI Residential Properties, L.P. unit
holders of record on February 7 a letter of transmittal and
instructions for receiving payment of the merger consideration.
Holders of limited partnership units and certificated common
shareholders should expect to receive the merger consideration soon
after submitting a properly completed letter of transmittal to
Computershare. All questions relating to receipt of the merger
consideration in the AMLI merger should be directed to
Computershare at 1-800- 730-6001. JP Morgan Securities Inc. acted
as financial advisor to AMLI, and Mayer, Brown, Rowe & Maw LLP
provided legal advice. Morgan Stanley acted as financial advisor to
PRIME and Davis Polk & Wardwell and King & Spalding LLP
provided legal advice. The AMLI(R) portfolio currently includes 73
apartment communities containing 27,730 apartment homes, with an
additional 827 apartment homes under development or in lease-up in
three locations. AMLI is focused on the development, acquisition
and management of institutional quality multifamily communities in
the Southeast, Southwest, Midwest and Mountain regions of the U.S.
AMLI employs approximately 850 people who are dedicated to
achieving AMLI's mission -- Provide An Outstanding Living
Environment For Our Residents. More information on AMLI is
available at http://www.amli.com/ . First Call Analyst: FCMN
Contact: DATASOURCE: AMLI Residential Properties Trust CONTACT:
Robert J. Chapman, Chief Financial Officer of AMLI Residential
Properties Trust, +1-312-984-6845 Web site: http://www.amli.com/
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