Tuesday, MCB Real Estate issued a letter to all Whitestone REIT (WSR) shareholders, stating its proposal to acquire the company's outstanding shares for $15.20 per share in cash, with no financing contingency.
The consideration comprises of a 21.0 percent premium to Whitestone's share price and a 25.0 percent premium to Whitestone's 30-day VWAP as of November 3, 2025.
MCB has urged Whitestone board to immediately engage with it on its proposal to acquire the company or commence a public strategic alternatives process, including soliciting other acquisition proposals.
Currently, WSR is moving up 4.94 percent, to $13.18 on the New York Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.