CLNYChinese Lunar New Year
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Thereafter, CLNY will become a self-managed real estate investment trust that can form and invest as general partner in new funds under the Colony name.
The two companies said they have signed a definitive agreement for the contribution to CLNY of substantially all of Colony Capital's real estate and investment management businesses and operations for an aggregate potential consideration of up to USD 657.
05 per share or membership unit, which the company said is based on a fair value per CLNY common share on September 30, 2014.