B. Riley upgraded Whitestone REIT (WSR) to Buy from Neutral with a price target of $18, up from $14, after Reuters reported private equity firms, including Blackstone (BX) and TPG (TPG), have expressed interest in acquiring Whitestone. Riley believes the likelihood of a more attractive takeover offer relative to MCB Real Estate’s $15.20 per share bid has “increased meaningfully” following Reuters’ report. The stock in premarket trading is up 5% to $15.02.
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Read More on WSR:
- Whitestone receiving takeover interest from private equity, Reuters says
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