trending Market Intelligence /marketintelligence/en/news-insights/trending/Hd-ujRHdjO2-MSI1n1CDZw2 content esgSubNav
In This List

Highlands REIT gets tender offer for up to 39 million shares

CASE STUDY

Deep Market Intelligence Helps a Credit Union Craft a Successful Expansion Plan

Blog

Global M&A By the Numbers: Q1 2022

Blog

Data Stories: Data insights to help alleviate business complexity amid geopolitical risks

Blog

M&A, IPOs hit a speed bump in early 2022


Highlands REIT gets tender offer for up to 39 million shares

Highlands REIT Inc. received a cash tender offer for up to 39,155,266 shares of its common stock, or about 4.75% of the REIT's outstanding shares.

IG holdings Inc. and its affiliates offered to buy the shares at 17 cents apiece, without interest. If all shares sought are tendered in the offer, the buyers would be required to pay a total of about $6.7 million, which they plan to fund using current working capital.

The offer will expire at 11:59 p.m. PT on April 3, unless extended.

The investors and their affiliates currently beneficially own 1,927,055 shares, or 0.223% of the outstanding shares.