MCB Offers to Acquire Whitestone REIT for $15.20 Per Share
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MCB Real Estate has proposed to acquire Whitestone REIT for $15.20 per share in cash, with no financing contingency. MCB, which owns about 9.2% of Whitestone’s shares, is prepared to finalize the transaction quickly and is seeking engagement from Whitestone’s board. This offer follows a previous proposal of $15 per share that was withdrawn last year.
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