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MacKenzie to launch tender for Strategic Realty Trust shares

Strategic Realty Trust Inc. said MacKenzie Realty Capital Inc. is planning to launch a tender offer for the company's shares at $3.81 apiece.

The shopping center real estate investment trust urged its shareholders to reject the offer, as it is below the S$6.27-per-share value of its common stock, as of June 30, 2017.