MCB Real Estate has proposed to acquire all outstanding shares of Whitestone REIT for $15.20 per share in cash, with no financing contingency. MCB, which holds approximately 9.2% of Whitestone's common shares, reiterated its readiness to complete the transaction and emphasized its financial resources and experience to quickly finalize due diligence and secure committed financing. This offer follows a previous $15 per share proposal that was withdrawn last year. MCB continues to seek engagement from Whitestone's board or the initiation of a public strategic alternatives process.
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