NTS Realty (NLP) Gets Boosted $7.30/Share Offering from Chairman Nichols

NTS Realty Holdings Limited Partnership (AMEX: NLP) announced today that the special committee of the board of directors of the Company's managing general partner, NTS Realty Capital, Inc. (the "Special Committee"), has received a letter (the "Letter") from the Company's founder and Chairman, Mr. J.D. Nichols, and its Chief Executive Officer, Mr. Brian F. Lavin (collectively, the "Offerors") revising the non-binding proposal from the Offerors for a going private transaction (the "Proposal"). The Letter increased the proposed purchase price per limited partnership unit contained in the Proposal to $7.30 in response to the Special Committee's rejection of the $5.25 purchase price set forth in the Proposal. The Company previously announced receipt of the Proposal on August 31, 2012.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• NVIDIA (NVDA) has agreed to acquire Run:ai
• Spectral AI, Inc. (MDAI) Appoints Erich Spangenberg as CEO of Spectral IP, Explores Potential Spin-Off
• Gaming and Leisure Properties (GLPI) Appoints Debra Martin Chase to Board of Directors