The commercial and industrial REIT unloads its position in a former subsidiary.
CommonWealth REIT (EQC 0.11%) has sold what was left of its stake in Government Properties Income Trust (OPI 2.32%). The two companies both announced the sale, which saw CommonWealth REIT divest itself of 9.95 million shares of its onetime subsidiary -- a stake of roughly 18% -- in a public offering. The price was $25.20 per share, and the proceeds totaled just over $240 million.
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