MCB Real Estate Increases Offer To Acquire Whitestone REIT To $15.00 Per Share In Cash; Sends Letter To Whitestone Board Highlighting Certainty Of All-Cash Proposal And Seeks Engagement
Portfolio Pulse from Benzinga Newsdesk
MCB Real Estate has increased its offer to acquire Whitestone REIT to $15.00 per share in cash. MCB emphasizes the certainty of its all-cash proposal and seeks engagement with Whitestone's board. A website has been launched for more information.
October 09, 2024 | 1:32 pm
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MCB Real Estate has increased its acquisition offer for Whitestone REIT to $15.00 per share in cash, emphasizing the certainty of the proposal and seeking engagement with Whitestone's board.
The increased offer from MCB Real Estate to acquire Whitestone REIT at $15.00 per share in cash is likely to positively impact WSR's stock price in the short term. The certainty of an all-cash proposal and the active engagement sought by MCB could lead to investor optimism and potential stock price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100