Pure Multi-Family REIT LP PMULF

from news release apr 24

[CHECKMATE77]

On April 5, 2018, Pure Multi-Family announced that it had initiated a formal process to explore the potential sale of the REIT.  As part of the comprehensive sale process, the REIT has entered into confidentiality agreements with multiple interested parties.  The process is being overseen by the special committee of independent directors.  The Board is committed to maximizing unitholder value through this process. 


looking good, 

[fatcharlie]

This is why I am holding its a calculated move the markets are crazy and RUF provides some stability by staying put.  I would expect a takeout of over $10/share on RUF.UN based on their current holdings.  In the meantime we collect an excellent dividend.  I currently have four plays that are all in the process of being taken out.  Its a slow process but the one thing I have

[CHECKMATE77]

I have held RUf fir a number of yrs- I dis sell into the suggestion of offer, rethought and bought back in one reason is that if deal does not go through the company has said that the offer is too low. Thus they cannot have another dilutive offering under the price they say is too low it always pissed me off with new shares offered below market price , it woukd take a year or more to get back to

[maypeters]

Even though I agree with you not sure how many times you have seen a bought deal way above market price unless it is a massively transformative accreative deal. There is a reason the bought deal is below market price to entice investors to buy into the bougth deal. Also the underwriters can buy the overallottment and make money if the share price moves up within 30 days. 

[generaldisc]

I'll assume you mean $10/share in USD, not CAD. $10 CAD is way under-priced for this asset. I have said before that IMO $7.53 USD is as good as stealing this asset. I hope all shareholders voted in favor of management rejecting this offer.

[bcsc]

This offer was not presented to shareholders for a vote.