Ventas to Acquire Cogdell Spencer for $4.25 Per Share in Cash

Ventas, Inc. (NYSE: VTR) and Cogdell Spencer Inc. (NYSE: CSA) today announced that the Boards of Directors of both companies have approved a definitive agreement under which Ventas will acquire Cogdell and its 72 high quality medical office buildings in an all-cash transaction. At closing, Ventas's investment, including its share of debt, is expected to approximate $760 million to $770 million, before anticipated transaction expenses.