Starwood Capital sweetens bid for Monmouth Real Estate

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U.S. investment firm Starwood Capital Group on Wednesday sweetened its offer for Monmouth Real Estate Investment Corp to $18.88 per share from its previous bid of $18.70.

The total consideration can increase to as much as $19.51 per share in case Monmouth does not pay a break-up fee of $62.2 million to Equity Commonwealth or pays a lower fee, Starwood said. (Reporting by Shreyasee Raj in Bengaluru; editing by Uttaresh.V)