The Baltimore-based institutional investment management firm with $3B in assets under management said its proposal would have maximized value to Whitestone’s shareholders. It came at a 14.5% premium ...
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MCB Real Estate Requests Response from Whitestone REIT Board of Trustees Regarding Compelling, All-Cash Acquisition Proposal
MCB Real Estate ("MCB"), a leading commercial real estate developer and investment management firm with a diverse nationwide portfolio and approximately $4 billion in AUM, today sent a letter to the ...
Calls on Independent Trustees of Whitestone to Initiate Strategic Review Process to Maximize Value for Whitestone Shareholders Reminds Trustees of the Whitestone Board's Fiduciary Duties BALTIMORE, ...
Whitestone REIT Rejects $1.45B Acquisition As Would-Be Buyer Calls For End To ‘Entrenchment Tactics’
MCB first offered the Houston-based shopping center owner $700M, or $14 per share, in June, and it upped its acquisition offer to $1.45B, or $15 a share, on Oct. 9 when that was rejected. Whitestone’s ...
MCB Real Estate said it's seeking a response from Whitestone REIT's (WSR) board regarding its $15.20 a share cash offer made in November. "We stand ready to consummate the proposed acquisition of ...
BALTIMORE - MCB Real Estate, a prominent commercial real estate firm, announced today its decision to retract its offer to acquire Whitestone REIT (NYSE: NYSE:WSR), citing the latter's board's refusal ...
MCB has criticized the board for selecting a timeframe for total shareholder return that is influenced by acquisition rumors and proposals, as well as MCB's own purchase of 4,690,000 Whitestone shares ...
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