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

  • March 18, 2021


StockColumbia Property Trust, Inc.SymbolCXP
Date Announced03/18/2021Source Bloomberg
TypeNews Report
Date of Confirmation: 09/07/2021Price 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.


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

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