A tender offer by MacKenzie Capital Management LP and its relatedentities to acquire up to 4.0 million shares of 's common stockat $1.25 apiece expired.
The offer resulted in the tender by shareholders, andacceptance for payment by the buyers, of 642,624.7707 shares.
After all the tendered shares are purchased, the buyers willown 2,690,498.5107 shares, or about 0.312%, of the total outstanding shares ofInvenTrust.
The company's board had previously called on thestockholders to reject the tender offer.