trending Market Intelligence /marketintelligence/en/news-insights/trending/EkiaLGXs4_ZfN-_UHcxuuA2 content esgSubNav
In This List

Behringer Harvard Opportunity REIT II board urges against tender offer

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective

Blog

Real Estate News & Analysis: May Edition


Behringer Harvard Opportunity REIT II board urges against tender offer

Behringer Harvard Opportunity REIT II Inc.'s board is recommending against a cash tender offer by Everest REIT Investors I LLC to buy up to 1.3 million shares of the company's outstanding common stock at $5.25 apiece.

The offer price reflects the buyer's "opportunistic attempt" to buy the shares at a deeply discounted price and make a profit, the company's board said, and unanimously recommended that shareholders turn down the offer, according to a filing.

The tender offer will expire at 5 p.m. PT on July 19, unless extended.