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

Blog

Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise

Blog

FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


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.