Capri Family Foundation Commences Cash Tender Offer for Optibase Ltd. (OBAS)

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The Capri Family Foundation Commences Cash Tender Offer for Optibase Ltd. (Nasdaq: OBAS)

December 1, 2021 9:11 AM EST

TEL AVIV, Israel, Dec. 1, 2021 /PRNewswire/ -- The Capri Family Foundation ("Capri") announced today that it has commenced a cash tender offer to purchase 959,837 ordinary shares of Optibase Ltd. ("Optibase") (Nasdaq and TASE: OBAS) for $11.20 per share.

The bidder group, of which Capri is a part, currently owns 4,256,419 ordinary shares of Optibase, representing approximately 81.7% of Optibase's issued and outstanding shares. Capri is offering to purchase all of the outstanding Optibase shares not owned by the bidder group.

On November 30, 2021, the last trading day before the announcement... More