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Purchasers preparing bids for AmREIT



There are several purchasers in the process of preparing bids for AmREIT Inc, the US shopping mall owner.
This could result in a valuation of the company reaching $26 per share, according to the Financial Times.

According to the FT, citing unidentified sources, AmREIT has attracted interest from companies including their rivals Weingarten Realty Investors and Edens, along with Regency Centers Corp, which had presented an unsolicited offer to purchase the company during July.

FT stated that sources are expecting bids by the close of October at prices ranging between $25 and $26 per share.  

The shares of the company closed at $22.02 on Friday, which is close to the July offer made by Regency of $22 per share.  This would result in a valuation of around $433m for the company.

AmREIT hired Jefferies, the investment bank, to look at its options after the Regency offer during July.

Edens did not respond immediately to FTs request for comment, and Weingarten, Regency and AmREIT refused to comment.


More about shopping malls in the USA



YESTERDAY, Taiwan:
Dutch studio MVRDV has transformed an abandoned shopping center in Taiwan into an unusual public space.
YESTERDAY, Israel:
In Israel, a national quarantine begins to operate again from September 18, 2020.
YESTERDAY, Sweden:
Shoppers will select goods from different stores in the mall on one website and then pick them up conveniently.
DAY BEFORE YESTERDAY, Spain:
The outlet begins its countdown and fires the starting signal during the "Digital Lighting" event.
DAY BEFORE YESTERDAY, China:
Maison Martell officially opened L'Atelier Martell Shenzhen - a luxury boutique where you can taste and buy exclusive varieties of cognac.
DAY BEFORE YESTERDAY, USA:
The new retail store layout is expected to be very convenient for quickly and safely receiving online orders.
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