Monmouth Real Estate (MNR) Announces Review of Strategic Alternatives (Earlier)
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Blackwells Welcomes Monmouth’s Announced Strategic Review of Alternatives
January 15, 2021 7:30 AM ESTUrges Board to Create a Special Committee to Ensure Objectivity
Announces Intention to Nominate Four Exceptional Director Candidates to the Board
NEW YORK, Jan. 15, 2021 (GLOBE NEWSWIRE) -- Blackwells Capital LLC (together with its affiliates Blackwells), an alternative investment management firm that owns approximately 4% of the outstanding shares of common stock of Monmouth Real Estate Investment Corporation (NYSE: MNR) (Monmouth or the Company), today announced its support for the strategic alternatives process announced by Monmouth, while demanding the Board of Directors (the Board) create a... More
Monmouth Real Estate Announces Review of Strategic Alternatives
January 14, 2021 4:42 PM ESTHOLMDEL, N.J., Jan. 14, 2021 (GLOBE NEWSWIRE) -- Monmouth Real Estate Investment Corporation (NYSE: MNR) (Monmouth or the Company)Â today announced that its Board of Directors (the Board), working together with its legal and financial advisors, has unanimously decided to explore strategic alternatives to maximize stockholder value.
The Board intends to consider the full range of available alternatives including a potential sale or merger of the Company. Monmouth has retained J.P. Morgan to work collaboratively with CS Capital Advisors to assist and advise the Board in... More
