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Phoenix-based office REIT Orion Properties unanimously rejected a $126 million buyout offer from Kawa Capital Management, ...
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 (ONL) stock was trading lower after the office REIT said on Wednesday that its board has unanimously rejected an unsolicited acquisition offer from Kawa Capital Management.
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.
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. Orion ...
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.
PHOENIX -- (BUSINESS WIRE)-- Orion Properties Inc. (ONL) (“Orion” or the “Company”) confirmed its receipt today of an unsolicited, non-binding indication of interest from Kawa Capital ...
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