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Tuesday, March 20, 2012
Mets confirm sale completion, loan payoff

By Adam Rubin

The Mets issued this statement regarding the 12 minority shares they intended to sell at $20 million apiece for 4 percent stakes, as well as a $25 million loan from Major League Baseball and $40 million bridge loan from Bank of America:

"Recently, the investment transaction was successfully completed. At closing, the MLB and Bank of America loans were repaid in full. We will not be providing any further details on the transaction.”