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After the end of the most recent quarter, ABC announced that it received an unsolicited buyout offer at $65.00 per share. The board has rejected
After the end of the most recent quarter, ABC announced that it received an unsolicited buyout offer at $65.00 per share. The board has rejected the offer as insufficient consideration based on the intrinsic value of the portfolio, despite the fact that the stock trades at a price of $55/sh. Management quality is generally perceived to be slightly below average. Office REITs overall trade at a 10% premium to NAV. The company noted it will seek to buy back stock or sell assets to increase its share price
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