UMH Properties Inc

+0.25 (+1.20%)
4:00:00 PM EDT: $21.18 +0.02 (+0.10%)
Mergers / Acquisitions

Blackwells Capital Llc Offers To Acquire Monmouth Real Estate Investment Corporation For $18.00 Per Share

Published: 12/21/2020 12:12 GMT
UMH Properties Inc (UMH) - Blackwells Capital Llc - Offers to Acquire Monmouth Real Estate Investment Corporation for $18.00 per Share.
Blackwells Capital Llc - Calls on Monmouth Board to Form Independent Special Committee to Evaluate Offer.
Blackwells Capital Llc - All-cash Transaction is Valued at Approximately $3.8 Billion, Including Assumption of Debt.
Blackwells Capital - Believes Special Committee of Monmouth Board Should Exclude Landy Family Members, Affiliates, Directors Affiliated With Umh.
Blackwells Capital - Would Expect to Finance Deal With Combination of Debt and Equity.