Equity Office Properties Trust

A shareholder lawsuit has been filed and is seeking class action status against the largest US office landlord regarding a buyout offer from Blackstone Group. The lawsuit was filed in the US District Court in Chicago and claims the buyout offer was too low. Blackstone's offer was 8.5% higher than the shares' November 17 closing price, but shares have already risen over the offering price. The lawsuit claims Equity Office's director-trustees received preferential treatment in the sale at shareholders' expense.