According to Bloomberg, Columbia Property Trust (CXP) Gets Takeover Offer From Investors

POTENTIAL DEAL DETAILS

Stock Columbia Property Trust, Inc. Symbol CXP
Date Announced 03/18/2021 Source Bloomberg
Type News Report
Date of Confirmation: 09/07/2021 Price at Confirmation: $19.05
Potential Profit: 13.66% Annualized Profit: 28.83%

A group of investors in Columbia Property Trust Inc. (CXP) made an unsolicited proposal to acquire the U.S. real estate investment trust in an all-cash deal that would value it at roughly $2.24 billion.

Update(s):

March 18, 2021: Columbia Property Trust Inc.(CXPconfirmed that it has just received an unsolicited, non-binding proposal from Arkhouse Partners LLC, AS8888 LLC, an entity of The Sapir Organization and 8F Investment Partners Pte. Ltd. regarding their stated interest in acquiring all of the outstanding shares of Columbia for $19.50 per share in cash.

April 08, 2021: Columbia’s Board (CXP) and management team regularly evaluate opportunities to enhance shareholder value and will continue to take steps to achieve this objective for the benefit of all shareholders. In doing so, the Board and management team will continue to take into account the valuable input and perspectives that our shareholders share with us.

September 7, 2021: Columbia Property Trust, Inc. (CXP) announced that it has entered into a definitive agreement to be acquired by funds managed by Pacific Investment Management Company LLC, one of the world’s premier global investment management firms, for $3.9 billion including Columbia’s proportionate share of consolidated and unconsolidated debt.

Deal Metrics

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.

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