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Winthrop Realty Trust Message Board

  • smaycs4 smaycs4 Jun 19, 2014 11:43 AM Flag

    They have an offer on the table !

    What if an offer is received for the Trust?

    If an offer is received for the Trust as a whole the board will analyze the offer in accordance with its obligations. If acceptance of such offer is deemed to be in the best interest of the shareholders and it is received prior to the special meeting, the board may elect to delay or terminate the special meeting. If acceptance of such offer is deemed to be in the best interest of the shareholders after the adoption of the plan of liquidation, depending on the structure of the transaction the board may seek the consent of shareholders to such a transaction. In this regard, subsequent to the announcement of the board’s adoption of the plan of liquidation, we entered into a confidentiality agreement with a creditworthy third-party that expressed a potential interest in acquiring the Trust as a whole.

 
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