Actionable Opportunities in Special Situations: Spinoffs, Bankruptcy, Restructurings

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AmREIT (AMRE) being acquired for $26.55 by EDENS

AmREIT (AMRE) announced that it has entered into a definitive agreement with Edens Investment Trust under which EDENS will acquire all outstanding shares of common stock of AmREIT for $26.55 per share in an all-cash transaction ($763 million EV). We had previously written on AmREIT on 7/31 (here) when the company rejected a takeout bid of $22 and announced it would seek to explore strategic alternatives. Source: Press Release

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