trending Market Intelligence /marketintelligence/en/news-insights/trending/3gBvDf1l_sYGQUKp-7jbxg2 content esgSubNav
In This List

MacKenzie Realty offers to buy more shares of Apple REIT Ten


Automating Credit Risk Surveillance Using Statistical Models


S&P Capital IQ Pro | Powered by Expert Insights


Post-webinar Q&A: Speed and Scalability – Automation in Credit Risk Modeling

Case Study

A Chinese Bank Takes Steps to Minimize Risks as it Supports International Trade

MacKenzie Realty offers to buy more shares of Apple REIT Ten

Apple REIT TenInc., which is being acquiredby Apple Hospitality REIT a $1.3 billion mergerdeal, received cash tender offer from

MacKenzie is offering to buy up to 500,000 shares of the company'scommon stock and associated series A preferred shares at $9.21 per share. The sharessubject to the offer make up 0.57% of the REIT's outstanding shares. The buyer andits affiliates currently beneficially own 313,480.07 shares, or 0.36%, of the REIT'soutstanding shares.

If all shares sought in the offer are tendered, consummationof the offer would require MacKenzie to pay up to about $4.6 million in aggregatepurchase price, which it would fund out of its current working capital, accordingto a tender offer statement.

The offer will expire at 11:59 p.m. PT on Aug. 19, unless extended.

MacKenzie Capital Management LP, which is the depositary forthe offer, is also named a bidder.