AGREEMENT AND PLAN OF MERGERAgreement and Plan of Merger • September 22nd, 1997 • Value Property Trust • Real estate investment trusts • Maryland
VALUE PROPERTY TRUST AND SUBSIDIARIES FORM 8-K Wellsford Real Properties, Inc. 610 Fifth Avenue, New York, New York 10020 212-333-2300 FAX: 212-333-2323 FOR IMMEDIATE RELEASE: WELLSFORD REAL PROPERTIES, INC. TO ACQUIRE VALUE PROPERTY TRUST NEW YORK,...Value Property Trust • September 22nd, 1997 • Real estate investment trusts
NEW YORK, September 19, 1997 -- Wellsford Real Properties Inc. (AMEX: "WRP") and Value Property Trust (NYSE: "VLP") have entered into a definitive agreement for WRP to acquire VLP, a real estate investment trust, in a merger transaction for cash and stock currently valued at approximately $180 million, it was announced today by Jeffrey H. Lynford, Chairman of Wellsford and George R. Zoffinger, President and CEO of Value Property Trust.
