12:05 PM EST - CHIP REIT : said on Wednesday it has agreed to be bought by British Columbia Investment Management Corp. in a $1.2 billion cash deal, including debt. CHIP REIT said the offer of $19.10 a unit represents a 34 percent premium over its closing price on the Toronto Stock Exchange on July 31, and a 22 percent premium over the closing price on March 27, when it announced it was looking into alternatives for enhancing unitholder value. CHIP REIT
units T.HOT.UN are trading up $4.53 at $18.79.
