Post by
garyreins on Feb 17, 2024 9:50pm
Pure speculation
PDL and partners wanted to make an offer for the REIT after it dived during dividend cut, probably offered around $8 bucks or almost 100% premium - super "fair" deal to trading price. The other 9.9% holder and TMR and committee are probably thinking the asset manageent platform and longer term value can be much higher, so he is on the board now as they do this "mass restructuring".
where it lands no one knows