Optibase Majority Owner Offers to Buy Rest of Company >OBAS [MarketWatch]
Optibase Ltd. - Ordinary Shares (OBAS)
US:NASDAQ Investor Relations:
optibase-holdings.com/homesites/pagegen.asp?page=18160
Company Research
Source: MarketWatch
to buy the rest of the Israel-based real-estate investor for about $10.8 million. The Capri Family Foundation, which is part of the bidder group, said it has launched a tender offer to buy the 959,837 Optibase shares the group doesn't already own for $11.20 apiece, a roughly 9.3% premium to Tuesday's closing price of $10.25. Capri said the tender offer is slated to expire on Dec. 30, adding that it isn't subject to a financing condition or approval by the Optibase board. Write to Colin Kellaher at colin.kellaher@wsj.com
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