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Stock impact report

Orion Properties Announces Strategic Options Review Process to Maximize Stockholder Value

Orion Office REIT Inc. (ONL) 
Company Research Source: Business Wire
Enters into Cooperation Agreement with Kawa PHOENIX--(BUSINESS WIRE)--Orion Properties Inc. (“Orion” or the “Company”) (NYSE: ONL) today announced a strategic options review process and a cooperation agreement (the “Cooperation Agreement”) signed with The Kawa Fund Limited (together with its affiliates, “Kawa”).Strategic Options Review ProcessOrion is announcing a review of strategic options for the Company, which may include, among other things, the consideration of potential acquisition and merger targets, the potential sale of the Company and continuing to operate as an independent publicly traded entity. The Board has directed management, together with Orion’s outside financial and legal advisors, to conduct a process designed to evaluate actionable strategic alternatives.The Board made the following statement: “The Orion Board of Directors remains firmly committed to acting in the best interests of all stockholders and has always been open to different ways to grow stockholder Show less Read more
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