Orion Office REIT board rejects revised proposal from Kawa Capital Management

Orion Properties announced that the company’s board of directors unanimously concluded that the revised non-binding acquisition proposal to acquire all of the outstanding shares of Orion for $2.75 per share in cash submitted by Kawa Capital Management on July 17, is not in the best interests of Orion’s stockholders. This determination follows a review process conducted by the Orion Board in consultation with its independent financial and legal advisors.