MCB Real Estate to acquire Whitestone REIT for $1.45bn.

MCB Real Estate, a commercial real estate developer and investment management firm, offered to acquire Whitestone REIT, a community-centered real estate investment trust, for $1.45bn. "As the third largest Whitestone shareholder and largest actively managed shareholder, our interests are aligned with the company's other owners and we are committed to pursuing a transaction that maximizes value. Our efforts to engage in constructive discussions have been rebuffed to date, but we stand ready to complete due diligence and execute a definitive agreement expeditiously and are committed to seeing this through to completion. We ask our fellow shareholders to urge the Whitestone Board to uphold their fiduciary duties and engage with us in good faith without further delay," P. David Bramble, MCB Managing Partner and Co-Founder.