Orion Properties receives revised $2.75 per share buyout offer from Kawa

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Orion Properties Inc. Confirms Receipt of Revised Unsolicited Non-Binding Indication of Interest from Kawa Capital Management

July 17, 2025 4:15 PM EDT

PHOENIX--(BUSINESS WIRE)-- Orion Properties Inc. (NYSE: ONL) (Orion or the Company) confirmed its receipt today of a revised unsolicited, non-binding indication of interest from Kawa Capital Management, Inc. (Kawa) to potentially acquire all of the outstanding shares of common stock of the Company not already owned by Kawa for cash consideration of $2.75 per share. Kawa previously submitted a proposal on June 20, 2025, to acquire the Companys outstanding shares of common stock for cash consideration of $2.50 per share, and which the Orion Board of Directors rejected on July 9, 2025.

As done with the initial Kawa indication... More