MCB Real Estate sweetens takeover bid for Whitestone REIT to $1.45 billion [Yahoo! Finance Canada]
Whitestone REIT Common Shares (WSR)
Last whitestone reit common shares earnings: 2/26 04:15 pm
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Source: Yahoo! Finance Canada
By Abigail Summerville NEW YORK (Reuters) - MCB Real Estate has sweetened its offer to acquire U.S. shopping center operator Whitestone REIT to $1.45 billion including debt, according to a letter reviewed by Reuters on Wednesday. The new offer from MCB would give shareholders of Whitestone $15 per share in cash, representing a 14.5% premium to Whitestone's share price on June 3 before MCB's earlier offer was disclosed. MCB, whose earlier $14-per-share offer was rebuffed by the target, is Whitestone's third-largest shareholder, with a 9.4% stake in the company. Whitestone's shares closed at $13.47 on Tuesday. "Our efforts to engage in constructive discussions have been rebuffed to date, but we stand ready to complete due diligence and execute a definitive agreement expeditiously and are committed to seeing this through to completion," MCB co-founder David Bramble said in the letter to Whitestone's board of trustees. "We ask our fellow shareholders to urge the Whitestone Boar
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WSR
News
- Whitestone REIT Continues Board Refreshment with Appointment of Two Independent TrusteesGlobeNewswire
- Whitestone REIT (NYSE: WSR) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- MCB Calls on Whitestone to Maximize Shareholder ValuePR Newswire
- Whitestone REIT Responds to MCB Indication of InterestGlobeNewswire
- Whitestone REIT Reports Third Quarter 2024 ResultsGlobeNewswire
WSR
Earnings
- 10/30/24 - In-Line
WSR
Sec Filings
- 11/5/24 - Form 3
- 11/5/24 - Form 3
- 11/5/24 - Form 8-K
- WSR's page on the SEC website