Monmouth reaffirms deal with Equity Commonwealth despite proxy advisor recommendation
09/08/2021 17:00
Aug 9 (Reuters) - ** Shares of Monmouth Real Estate Investment
Corporation MNR.N down nearly 0.73% to $19.06
** Co reaffirms merger with Equity Commonwealth EQC.N , disagreeing with
influential proxy advisor Institutional Shareholder Services (ISS) that urged
shareholders to vote against the deal
** Equity Commonwealth has agreed to acquire Monmouth for $1.91 bln in stock
urn:newsml:reuters.com:*:nL4N2MS0OO
** Last month, Starwood raised its bid for Monmouth to $18.88 per share from
$18.70 apiece urn:newsml:reuters.com:*:nL4N2OX2KL
** YTD, stock down about 10%
(Reporting by Kannaki Deka)
((Kannaki.Deka@thomsonreuters.com;))
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