Brief: Westwood Holdings Group, Inc. Comments On Unsolicited Proposal From Americana Partners

Westwood Holdings

14/07/2021 18:13

July 14 (Reuters) - Westwood Holdings Group Inc  WHG.N :
    * WESTWOOD HOLDINGS GROUP, INC. COMMENTS ON UNSOLICITED
PROPOSAL
FROM AMERICANA PARTNERS
    * WESTWOOD HOLDINGS GROUP INC - SINCE MAY, HAS RECEIVED TWO
UNSOLICITED PROPOSALS FROM AMERICANA PARTNERS, LLC TO ACQUIRE
WESTWOOD
    * WESTWOOD HOLDINGS GROUP INC - AMERICANA'S LAST PROPOSAL,
RECEIVED BY COMPANY ON JUNE 14, 2021, OFFERED $25.00 PER SHARE
IN CASH
    * WESTWOOD HOLDINGS GROUP - BOARD ALSO CONSIDERED THAT
AMERICANA
HAS NOT PROVIDED TO CO ANY EVIDENCE OF AMERICANA'S ABILITY TO
FINANCE ACQUISITION BID
    * WESTWOOD HOLDINGS GROUP INC -  BOARD PREVIOUSLY DETERMINED
THAT
AMERICANA'S PROPOSAL SIGNIFICANTLY UNDERVALUES CO  RELATIVE TO
STANDALONE PLAN

Source text for Eikon:  ID:nGNX2nY1Tt 
Further company coverage:  WHG.N 

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