trending Market Intelligence /marketintelligence/en/news-insights/trending/tlx-rflizepjc-jqqaqdfq2 content esgSubNav
In This List

Phillips Edison board urges shareholders to reject MacKenzie mini-tender offer

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Phillips Edison board urges shareholders to reject MacKenzie mini-tender offer

Phillips Edison & Co. Inc.s board is urging its shareholders to reject a mini-tender offer by MacKenzie Realty Capital Inc. for the company's shares at $7.09 apiece.

Separately, Phillips Edison Grocery Center REIT II Inc.'s board also urged its stockholders to decline an offer from the same investor for its shares at $14.89 per share.

The boards of the shopping center real estate investment trusts argued, among other things, that the offer is meant to take advantage of the illiquidity of the shares in order to make a significant profit.