trending Market Intelligence /marketintelligence/en/news-insights/trending/yTwZbuHE4zDLPtA3Y8zV8Q2 content esgSubNav
In This List

High River eyes Voltari buyout in 58 cent-per-share cash offer

Blog

Infographic: Key questions when assessing an Alternative Investment Funds (AIFs) creditworthiness

Blog

Perspectives from China: Chinese M&A in 2022

Blog

Headwinds slow global M&A in Q2’22

Blog

New Corporate Realities: The Next Generation of Managing Risk and Operations


High River eyes Voltari buyout in 58 cent-per-share cash offer

High River LP aims to buy out Voltari Corp. through an offer of 58 cents per common share in cash.

The real estate company said its board set up a special committee of independent directors, comprising Peter Shea, Jaffrey Firestone and Kevin Lewis, to consider the offer, as well as any other offers that are made for Voltari's outstanding common stock.

High River, together with its affiliates, beneficially owns about 52.69% of the outstanding shares of Voltari's common stock and approximately 98.0% of the company's outstanding shares of 13% redeemable series J preferred stock.

The special committee retained Alvarez & Marsal as its outside financial adviser and Dorsey & Whitney as its legal counsel.