Regency Centers offers $22 per share for AmREIT


The public move follows failed efforts by Regeny (REG) to engage AmREIT (AMRE) management in a discussion about a takeover. "We are making this letter public because we feel that the potential benefits of a combination are just too great to ignore," says Regency CEO Hap Stein in a letter to AmREIT Chairman H. Kerr Taylor.

Regency currently owns about 4.2% of AmREIT stock and the $22 offer is payable in cash and/or stock.

AMRE +14.7% premarket to $22.02

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Comments (1)
  • James Bjorkman
    , contributor
    Comments (2778) | Send Message
     
    As usual when this happens, I own only a tiny position. :(
    10 Jul 2014, 10:29 AM Reply Like
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