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Landmark Infrastructure (LMRK) approached by Verde Investments

  • July 19, 2021

POTENTIAL DEAL DETAILS

StockLandmark Infrastructure Partners LPSymbolLMRK
Date Announced07/16/2021Source Press Release
TypeUnsolicited BidAcquiring Company/Person Landmark Dividend LLC
Date of Confirmation: 08/23/2021Price at Confirmation: $16.13
Potential Profit: 23.79%Annualized Profit: 228.52%

Verde Investments disclosed it offered to buy Landmark Infrastructure Partners (LMRK).

Update(s):

August 3, 2021:  Melody Investment Advisors LP, an alternative asset manager focused on mission-critical communications infrastructure, announced that it has submitted a proposal to purchase 100% of the assets currently owned by Landmark Infrastructure Partners LP (LMRK) through one or a series of transactions that would result in holders of Landmark’s common units receiving $16.25 per Landmark common unit in cash.

August 23, 2021: Landmark Infrastructure Partners LP (LMRK) announced that, following lengthy negotiations between the Conflicts Committee of the Board of Directors of Landmark Infrastructure Partners GP LLC and the Partnership’s sponsor, Landmark Dividend LLC, the Partnership and LD have entered into a definitive agreement under which the Partnership will be acquired by LD.

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.