Whitestone REIT stock surges after MCB’s $15.20 per share buyout offer By Investing.com
Update: 2025-11-04
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**Summary:**MCB Real Estate, Whitestone REIT's largest shareholder, proposed a buyout offer of $15.20 per share, a 21% premium over the closing price and a 25% increase from the past month's average. With Wells Fargo funding, MCB criticized Whitestone's underperformance and undervaluation, threatening to vote against the board if the offer is rejected. The board's response will determine Whitestone's future and potentially influence other real estate deals.
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