Dueling Director Contests Continue at Monmouth
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Read MoreBlackwells Files Preliminary Proxy Statement Nominating Four New Directors for Election at Monmouth’s 2021 Annual Meeting
NEW YORK, April 19, 2021 (GLOBE NEWSWIRE) — Blackwells Capital LLC, an alternative investment management firm that together with its affiliates (collectively, “Blackwells”) owns more than 4% of the outstanding shares of common stock of Monmouth Real Estate Investment Corporation (NYSE: MNR) (“Monmouth” or the “Company”), today announced that it has filed preliminary proxy materials…
Read MoreMonmouth Launches Review After Rejecting Bid
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Read MoreBlackwells Welcomes Monmouth’s Announced Strategic Review of Alternatives
NEW YORK, Jan. 15, 2021 (GLOBE NEWSWIRE) — Blackwells Capital LLC (together with its affiliates “Blackwells”), an alternative investment management firm that owns approximately 4% of the outstanding shares of common stock of Monmouth Real Estate Investment Corporation (NYSE: MNR) (“Monmouth” or the “Company”), today announced its support for the strategic alternatives process announced by…
Read MoreMonmouth REIT Rejects Takeover Bid, Mulls Sale or Merger
Blackwells Capital Calls for Independent Committee, Nominates Four Board Members. READ MORE>>
Read MoreMonmouthRejects Blackwells Offer, Opts to Weigh Strategic Alternatives
Monmouth Real Estate Investment Corp. rejected Blackwells Capital LLC’s $18-per-share takeover offer for the single-tenant, net-lease industrial real estate investment trust and resolved to evaluate strategic alternatives instead. The REIT said Blackwells’ nonbinding, unsolicited and conditional proposal is not in the best interest of the company. Monmouth’s board aims to consider the full range of…
Read MoreDouble Proxy Fight Complicates Monmouth REIT Battle
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Read MoreReal-Estate Firms Turn Buyers of Their Own Shares
Some publicly traded real-estate companies have found a buyer for their shares, despite empty offices, deserted hotels and reeling shopping malls—the companies themselves. Real-estate owners, including SL Green Realty Corp. and Healthcare Trust of America Inc., say stock-market investors have significantly undervalued their property holdings compared with what they could fetch in the private market.…
Read MoreBlackwells Makes Bid to Buy Monmouth REIT
Blackwells Capital LLC has made an offer to Monmouth Real Estate Investment Corp.’s board of directors to acquire the REIT for $18.00 per share in an all-cash deal. The alternative investment management firm is already one of Monmouth’s largest shareholders. READ MORE>>
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