Whitestone REIT Receives Acquisition Proposal from MCB Real Estate for $15.20 per Share in Cash

MCB Real Estate has sent a letter to the Whitestone REIT Board of Trustees, requesting a response to its all-cash acquisition proposal of $15.20 per share. MCB reaffirms its commitment to pursuing all measures to maximize value for shareholders, including voting against all incumbent Whitestone Board members. The proposal is a 21% premium to the unaffected share price and is fully financed, with MCB willing to consider increasing the proposal price if granted due diligence.