Whitestone REIT Receives Unsolicited, Non-Binding Acquisition Proposal
Whitestone REIT (NYSE: WSR) announced receipt of an unsolicited, non-binding acquisition proposal from MCB Real Estate to buy all outstanding common shares for $15.20 per share. MCB currently owns 9.2% of WSR. The Board of Trustees, with financial and legal advisors, will evaluate whether the proposal is in the best interests of all shareholders. Shareholders are not required to take any action now. The company said it does not undertake any obligation to provide updates about this or other proposals except as required by law.
Whitestone REIT (NYSE: WSR) ha annunciato di aver ricevuto una proposta di acquisizione non sollecitata e non vincolante da MCB Real Estate per acquistare tutte le azioni ordinarie in circolazione a 15,20$ per azione. MCB possiede attualmente il 9,2% di WSR. Il Consiglio di Amministrazione, con consulenti finanziari e legali, valuterà se la proposta sia nel migliore interesse di tutti gli azionisti. Gli azionisti non sono tenuti ad agire ora. L'azienda ha dichiarato che non assume alcun obbligo di fornire aggiornamenti su questa o altre proposte se non quando previsto dalla legge.
Whitestone REIT (NYSE: WSR) anunció la recepción de una propuesta de adquisición no solicitada y no vinculante de MCB Real Estate para comprar todas las acciones comunes en circulación a 15,20$ por acción. MCB posee actualmente el 9,2% de WSR. La Junta Directiva, con asesores financieros y legales, evaluará si la propuesta es en el mejor interés de todos los accionistas. Los accionistas no están obligados a tomar ninguna medida por ahora. La compañía afirmó que no asume ninguna obligación de proporcionar actualizaciones sobre esta u otras propuestas, excepto cuando lo exijan la ley.
Whitestone REIT (NYSE: WSR)는 MCB Real Estate로부터 모든 발행 보통주를 주당 15.20$에 매입하는 비청약 비구속적 인수 제안을 수령했다는 발표를 했다. MCB는 현재 WSR의 9.2%를 보유하고 있다. 이사회는 재무 및 법률 자문가와 함께 제안이 모든 주주들의 이익에 부합하는지 평가할 것이다. 주주들은 지금 바로 어떠한 조치도 취할 의무가 없다. 회사는 법률에서 요구하는 경우를 제외하고 이 제안이나 다른 제안에 대해 업데이트를 제공할 의무를 지지 않는다고 말했다.
Whitestone REIT (NYSE: WSR) a annoncé avoir reçu une proposition d'acquisition non sollicitée et non contraignante de MCB Real Estate visant l'achat de toutes les actions ordinaires en circulation à 15,20 $ par action. MCB détient actuellement 9,2 % de WSR. Le conseil d'administration, avec des conseillers financiers et juridiques, évaluera si la proposition est dans le meilleur intérêt de tous les actionnaires. Les actionnaires ne sont pas obligés de prendre des mesures pour le moment. La société a déclaré qu'elle n'accepte aucune obligation de fournir des mises à jour sur cette proposition ou d'autres propositions, sauf lorsque la loi l'exige.
Whitestone REIT (NYSE: WSR) hat den Erhalt eines unaufgeforderten, unverbindlichen Erwerbsangebots von MCB Real Estate bekannt gegeben, um alle ausstehenden Stammaktien zu einem Preis von 15,20 $ pro Aktie zu kaufen. MCB besitzt derzeit 9,2 % von WSR. Der Verwaltungsrat wird mit finanziellen und rechtlichen Beratern prüfen, ob das Angebot im besten Interesse aller Aktionäre liegt. Aktionäre sind derzeit nicht verpflichtet, jetzt irgendeine Maßnahme zu ergreifen. Das Unternehmen erklärte, dass es keine Verpflichtung übernimmt, Updates über dieses oder andere Angebote zu geben, außer wie gesetzlich vorgeschrieben.
Whitestone REIT (NYSE: WSR) أعلنت عن تلقيها عرض استحواذ غير مقيد وغير ملزم من MCB Real Estate لشراء جميع الأسهم العادية القائمة بسعر 15.20 دولارات للسهم. تمتلك MCB حالياً 9.2% من WSR. ستقيّم لجنة المجلس، بمساعدة المستشارين الماليين والقانونيين، ما إذا كان العرض يصب في مصلحة جميع المساهمين. لا يُطلب من المساهمين اتخاذ أي إجراء في الوقت الحالي. قالت الشركة إنها لا تقبل التزاماً بتقديم تحديثات عن هذا العرض أو عروض أخرى إلا كما يقتضيه القانون.
- Cash proposal at $15.20 per share
- Bidder ownership of 9.2% could support engagement
- Proposal is non-binding, creating deal uncertainty
- Company no obligation to provide updates, limiting transparency
HOUSTON, Nov. 04, 2025 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR), a neighborhood-focused owner and operator of open-air shopping centers in Texas and Arizona, today announced that it has received an unsolicited, non-binding proposal from MCB Real Estate to acquire all of the outstanding shares of the Company’s common stock for cash consideration of
Consistent with its fiduciary duties and in consultation with its financial and legal advisors, the Company’s Board of Trustees will carefully evaluate the proposal to determine if it believes the proposal is in the best interests of all shareholders. Shareholders are not required to take any action at this time.
The Company does not undertake any obligation to provide updates with respect to this or any other proposal or transaction, except as required under applicable law.
About Whitestone REIT
Whitestone REIT (NYSE: WSR) is a community-centered real estate investment trust (REIT) that acquires, owns, operates, and develops open-air, retail centers located in some of the fastest growing markets in the country: Phoenix, Austin, Dallas-Fort Worth, Houston and San Antonio.
Our centers are convenience focused: merchandised with a mix of service-oriented tenants providing food (restaurants and grocers), self-care (health and fitness), services (financial and logistics), education and entertainment to the surrounding communities. The Company believes its strong community connections and deep tenant relationships are key to the success of its current centers and its acquisition strategy. For additional information, please visit the Company's investor relations website.
Contacts:
For Whitestone REIT – Investors
David Mordy
(713) 435-2219
ir@whitestonereit.com
For Whitestone REIT – Media:
Matthew Chudoba
WhitestonePR@icrinc.com
FAQ
What did Whitestone REIT (WSR) announce on November 4, 2025?
Who is the bidder in the WSR acquisition proposal and how much do they own?
Do WSR shareholders need to act after the November 4, 2025 proposal?
Is the $15.20 per share offer for WSR binding on the company?
Will Whitestone REIT provide ongoing updates about the MCB proposal?
