Blackwells Capital Bids $1.76 Billion in Cash to Take Monmouth REIT Private
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Read MoreBlackwells makes bid for Monmouth
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Read MoreMonmouth Real Estate’s stock surges after Blackwells’ buyout bid values REIT and nearly $1.8 billion
Blackwells Offers To Buy Monmouth Real Estate For $3.8B
Blackwells Offers to Acquire Monmouth Real Estate Investment Corporation
NEW YORK, Dec. 21, 2020 (GLOBE NEWSWIRE) — Blackwells Capital LLC (together with its affiliates “Blackwells”), an alternative investment management firm that is one of the largest owners of Monmouth Real Estate Investment Corporation (NYSE: MNR) (“Monmouth” or the “Company”), announced today that on December 18, 2020, it submitted an offer letter to the Company’s…
Read MoreBlackwells Capital Makes Unsolicited Offer for Monmouth REIT
Blackwells Capital has made an unsolicited proposal to acquire the portion of Monmouth Real Estate Investment Corp. that it doesn’t already own in a transaction valued at about $3.8 billion, including debt. The all-cash offer at $18 a share was made Friday, and is the second time Blackwells has proposed acquiring the remaining interest in…
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