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Stock impact report

Optibase Ltd. Confirms Receipt Of Unsolicited Tender Offer

Optibase Ltd. - Ordinary Shares (OBAS) 
Company Research Source: PR Newswire
HERZLIYA, Israel, Dec. 2, 2021 /PRNewswire/ -- Optibase Ltd. (NASDAQ: OBAS) today confirmed that it has received notice that The Capri Family Foundation, a foundation organized under the laws of the Republic of Panama (the "Bidder") and Shlomo (Tom) Wyler have commended an unsolicited tender offer to purchase 959,837 outstanding ordinary shares, nominal (par) value NIS 0.65 per share (the "Shares"), of Optibase Ltd. (the "Company"), not already owned by the Bidder group, at $11.20 per Share, net to the seller in cash, less any applicable withholding taxes, and without interest (the "Offer").On or before December 14, 2021, the Company will file with the Securities and Exchange Commission a Solicitation/Recommendation Statement on Schedule 14D-9 to advise you as to whether the Company recommends acceptance or rejection of the Offer, expresses no opinion and remains neutral to the Offer, or is unable to take a position with respect to the Offer, and the reasons for that position or inabi Show less Read more
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