Brief: Stratus Properties Says Unsolicited Acquisition Proposal Substantially Undervalues Co
21/02/2024 23:13
Feb 21 (Reuters) - Stratus Properties Inc STRS.O :
* STRATUS PROPERTIES INC. RESPONDS TO UNSOLICITED,
NON-BINDING
ACQUISITION PROPOSAL
* STRATUS PROPERTIES INC - PROPOSED DEAL FOR $27.18 PER
SHARE IN
CASH
* STRATUS PROPERTIES INC - STRATUS' BOARD DETERMINED
UNANIMOUSLY
THAT PROPOSAL SUBSTANTIALLY UNDERVALUES COMPANY
* STRATUS PROPERTIES- CONFIRMED THAT ON JAN 24, CO RECEIVED
UNSOLICITED, NON-BINDING PROPOSAL FROM NXSTEP OPPORTUNITY
PARTNERS TO ACQUIRE CO
Source text for Eikon: ID:nBw7Wzcjba
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