Brief: Stratus says none of participants sustained interest in acquiring Co. at price per share at or above Stratus' recent trading prices

Stratus Properties

15/03/2017 12:00

March 15 (Reuters) - Stratus Properties Inc  STRS.O  
    * Stratus properties inc. Announces declaration of $1.00 per 
share special cash dividend; conclusion of board's review of 
strategic alternatives 
    * Stratus properties inc - board decided to allow stratus' 
stockholder rights plan to expire in accordance with its terms 
on march 9, 2017 
    * Stratus properties- co, financial advisor engaged in 
meetings, discussions and negotiations with participants, 10 of 
whom submitted indications of interest 
    * Stratus properties - none of participants sustained an 
indication of interest in acquiring entire co at  price per 
share at or above stratus' recent trading prices 
    * Stratus properties inc - board determined that indications 
of interest would not at this time provide adequate value to 
stockholders 
 
Source text for Eikon:  ID:nBw1f6JXSa  
Further company coverage:  STRS.O  
 
 ((Bangalore.newsroom@thomsonreuters.com;))