Edition:
India

Pure Multi-Family Announces Update To "Go Shop" Process, Sets Date For Special Meeting


Thursday, 8 Aug 2019 

Aug 7 (Reuters) - Pure Multi-Family REIT LP ::PURE MULTI-FAMILY ANNOUNCES UPDATE TO THE "GO SHOP" PROCESS AND SETS DATE FOR SPECIAL MEETING.CORTLAND WILL ACQUIRE AT CLOSING ALL OF OUTSTANDING CLASS A UNITS OF PURE MULTI-FAMILY FOR US$7.61 PER UNIT.FINANCIAL ADVISOR ADVISED BOARD NO SUPERIOR PROPOSALS HAVE BEEN RECEIVED; "GO SHOP" PERIOD ENDS ON SUNDAY, AUGUST 11.BOARD HAS SET WEDNESDAY, SEPTEMBER 18, 2019 AS DATE TO HOLD SPECIAL MEETING AT WHICH UNITHOLDERS TO BE ASKED TO APPROVE DEAL.A 25-DAY "GO SHOP" PERIOD ALLOWED CO TO PROACTIVELY SOLICIT POTENTIAL SUPERIOR PROPOSALS WITH US$9.5 MILLION TERMINATION FEE. 

Company Quote

10.07
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20 Sep 2019