Stratus Properties Inc. Responds to Unsolicited, Non-Binding Acquisition Proposal [Yahoo! Finance]
Stratus Properties Inc. (STRS)
US:NASDAQ Investor Relations:
stratusproperties.com/investors
Company Research
Source: Yahoo! Finance
24, 2024 it received an unsolicited, non-binding proposal from NXSTEP Opportunity Partners ("NXSTEP") to acquire Stratus for $27.18 per share in cash, subject to adjustments. NXSTEP's proposal was subject to a number of conditions and assumptions, including important assumptions that were incorrect. Stratus' Board of Directors ("Board") considered the proposal and determined unanimously that the proposal substantially undervalues the Company and its future prospects and is not in the best interests of the Company and its stockholders. Accordingly, the Board advised NXSTEP on February 15, 2024 that, "After careful deliberation, including consultation with its advisers, the Board has determined that continuing to pursue Stratus' long-term strategy is in the best interests of Stratus and its stockholders at this time." On February 20, 2024, Stratus' stockholder Oasis Management Company Ltd. filed an amendment to its Schedule 13D reporting that it had entered into an agreement with NX
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News
- Stratus Properties Inc. Reports Year Ended December 31, 2023 ResultsBusiness Wire
- Stratus Properties Inc. (NASDAQ: STRS) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Stratus Properties Inc. (NASDAQ: STRS) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Stratus Properties Inc. Completes Sale of Approximately 47 Acres at Magnolia Place for $14.5 Million [Yahoo! Finance]Yahoo! Finance
- Stratus Properties Inc. Completes Sale of Approximately 47 Acres at Magnolia Place for $14.5 MillionBusiness Wire
STRS
Analyst Actions
- 2/1/24 - TheStreet
STRS
Sec Filings
- 4/8/24 - Form ARS
- 4/8/24 - Form DEF
- 4/3/24 - Form 4
- STRS's page on the SEC website