Crescent Announces Filing of Definitive Proxy Materials.FORT WORTH, Texas Fort Worth is the fifth-largest city in the state of Texas, 18th-largest city in the United States[1], and voted one of "America’s Most Livable Communities. -- Crescent Real Estate Equities Company Crescent Real Estate Equities Co. (NYSE: CEI) is a Fort Worth, Texas-based real estate investor with holdings mainly in office and hotel properties, including several landmark buildings in the southern United States. (NYSE NYSE See: New York Stock Exchange :CEI CEI Competitive Enterprise Institute CEI Conferenza Episcopale Italiana (Italian bishop conference) CEI Central European Initiative CEI Comitato Elettrotecnico Italiano (Italian Electrotechnical Committee) ) today announced that it has filed definitive proxy materials Proxy Materials Documents regulated by the Securities & Exchange Commission in which a public company outlines its methods and procedures. These documents are used to inform shareholders and solicit votes for corporate decisions, such as the election of directors and other with the Securities and Exchange Commission related to the proposed acquisition of Crescent by Morgan Stanley Real Estate for $22.80 per share in cash. The company will begin mailing the definitive proxy materials to its shareholders on or about June 28th. Crescent shareholders of record as of the close of trading on June 22nd will be eligible to vote on the proposed transaction at a special meeting of shareholders, which will be held at 10:00 a.m., Central Daylight Saving Time daylight saving time (DST), time observed when clocks and other timepieces are set ahead so that the sun will rise and set later in the day as measured by civil time. on August 1, 2007 at the Hotel Crescent Court, 400 Crescent Court, Dallas, Texas. The Company's trust managers, executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies from the shareholders of the Company in favor of the proposed transaction. Information about the Company and its trust managers and executive officers, their ownership of the Company's securities, and the interests of those persons is included in the proxy statement Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. . Shareholders of the Company are urged to read the proxy statement, because it contains important information. Shareholders can obtain a copy of the proxy statement as well as other filings containing information about the Company, without charge, at the SEC's Internet site (http://www.sec.gov). In addition, copies of the proxy statement can be obtained, without charge, by directing a request to the Company via the telephone numbers listed below. ABOUT THE COMPANY Crescent Real Estate Equities Company (NYSE: CEI) is a real estate investment trust headquartered in Fort Worth, Texas. Through its subsidiaries and joint ventures, Crescent owns and manages a portfolio of 68 premier office buildings totaling 27 million square feet located in select markets across the United States with major concentrations in Dallas, Houston, Denver, Miami, and Las Vegas. Crescent also holds investments in resort residential developments in locations such as Scottsdale, AZ, Vail Valley, CO, and Lake Tahoe, CA; and in the wellness lifestyle leader, Canyon Ranch[R]. For more information, visit Crescent's Web site at www.crescent.com. |
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