Orion Properties (NYSE:ONL) stock was trading lower after the office REIT said its board has unanimously rejected an ...

The REIT’s board of directors unanimously rejected the offer from South Florida-based Kawa Capital, saying it significantly undervalued the firm's assets.

Orion Properties Inc. (NYSE: ONL) ("Orion" or the "Company") today announced that the Company’s Board of Directors ...

In a strategic move, Orion Office REIT received a take-private offer from its largest shareholder, Kawa Capital Management, for $2.50 per share. The board is currently reviewing the proposal, ...

Reginald H. Gilyard, Non-Executive Chairman of the Orion Board and an Independent Director, said, “After careful consideration, the Orion Board of Directors determined that Kawa Capital’s ...

Kawa Capital Management, which already owns roughly 10% of the REIT, offered to pay up to $2.50 per share to acquire all remaining shares, a 31.5% premium to its price at the time.

Kawa's capital solutions arm focuses on real estate financing, including bridge lending, mezzanine financing, structured credit, net leased real estate equity, ground leases, and credit tenant leases.

Kawa currently owns about 5.5 million outstanding shares of the company's common stock, or approximately 9.7%, according to a filing with the Securities and Exchange Commission.

Investing.com - Orion Office REIT Inc (NYSE: ONL) has received a take-private offer from its largest shareholder, Kawa Capital Management, for $2.50 per share, according to a 13D filing on June 20.The ...