Nov 14 (Reuters) - Agellan Commercial Real Investment Trust ACR_u.TO :
* AGELLAN COMMERCIAL REAL ESTATE INVESTMENT TRUST TO BE ACQUIRED BY ELAD GROUP FOR C$14.25 IN CASH PER UNIT
* TRANSACTION VALUES REIT AT APPROXIMATELY C$680 MILLION, INCLUDING REIT'S NET DEBT
* BOARD IS UNANIMOUSLY RECOMMENDING THAT UNITHOLDERS VOTE IN FAVOUR OF TRANSACTION
* CERTAIN AFFILIATES OF SANDPIPER GROUP ENTERED INTO AGREEMENTS WITH EL-AD TO VOTE IN FAVOUR OF DEAL
* AGREEMENT PROVIDES FOR, UNDER CERTAIN CIRCUMSTANCES, PAYMENT BY REIT OF C$16 MILLION TERMINATION FEE TO EL-AD