The sale of Benequity Holdings units continued.
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Renouf Corp. International took steps to complete its acquisition of those units of Los Angeles-based Benequity Holdings that it does not already own. Renouf, which completed a tender offer worth about $180 million on March 24, has already acquired 94.4% of Benequity, a real estate limited partnership. The second-stage transaction will result in Renouf’s acquiring the remaining partnership units for $31 per unit.
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