BBGI will receive availability payments during the concession periods from the governing bodies of each of Belfast Metropolitan College and North West Regional College.
BBGI owns a global portfolio of 36 infrastructure assets.
BBGI said that the concession term runs until March 2038.
BBGI will fund the acquisition using the company's existing cash resources.
With less than an hour to go in Tuesday's trading (12/19), shares in BBGI
were at $13.
The slip for Beasley shares on Wall Street is hardly worrisome for those who hold BBGI
At the Closing Bell on Wall Street, BBGI
shares finished Tuesday's trading down 10%, finishing at $9.
Following the acquisitions of the remaining seed portfolio projects which are expected to be completed by March 2012 BBGI
will own a 19 asset portfolio as outlined in the IPO prospectus.
shares opened on a down note, and didn't recover by the time the Closing Bell rang on Wall Street.
Also down was Beasley Broadcast Group, and BBGI
shares declined 40 cents, to $10.
Another big mover on Monday was Beasley Broadcast Group , with shares in BBGI
climbing 40 cents, to $8.
shares on Wednesday began trading ex-dividend.