Brief: Monmouth Board Of Directors Reiterates Support For Merger With Equity Commonwealth

Equity Commonwealth

24/08/2021 24:22

Aug 23 (Reuters) - Monmouth Real Estate Investment Corp
 MNR.N :
    * MONMOUTH BOARD OF DIRECTORS REITERATES SUPPORT FOR MERGER
WITH
EQUITY COMMONWEALTH
    * UNANIMOUSLY DETERMINES REVISED PROPOSAL FROM STARWOOD DOES
NOT
CONSTITUTE A SUPERIOR PROPOSAL
    * SHAREHOLDERS URGED TO VOTE "FOR" AMENDED EQC TRANSACTION
ON
WHITE PROXY CARD
    * MONMOUTH - MERGER PROVIDES ACCESS TO EQC'S CONSIDERABLE
FINANCIAL RESOURCES, WITH ABOUT $4 BILLION OF ACQUISITION
CAPACITY FOR GROWTH
    * MERGER PROVIDES MONMOUTH STOCKHOLDERS WITH OPTION TO ELECT
TO
RECEIVE $19.00 IN CASH PER MONMOUTH COMMON SHARE
    * COMBINED COMPANY IS EXPECTED TO PAY A QUARTERLY DIVIDEND
TO ALL
STOCKHOLDERS

Source text for Eikon:  ID:nGNX5gTm7h 
Further company coverage:  MNR.N 

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