Blackstone has takeover plan for Equity Office -WSJ

NEW YORK, Nov 20 (Reuters) Private equity firm Blackstone is set to announce a billion takeover plan for Equity Office Properties Trust, The Wall Street Journal reported.

Citing people familiar with the matter, the newspaper said Blackstone is expected to pay about .50 for each share of Equity Office. Shares of Equity Office closed on Friday at .72 on the New York Stock Exchange.

REUTERS DKS PM0549