1. Westdale Is Said to Approach Aimco With Takeover Proposal

    Westdale Is Said to Approach Aimco With Takeover Proposal

    Westdale Real Estate Investment and Management has approached Apartment Investment & Management Co. with an all-cash takeover proposal, people familiar with the matter said. The unsolicited offer for Aimco is at a premium to the real estate investment trust’s market value of about $4.7 billion before the approach was revealed, the people said, asking not to be identified as the matter is private. The target has not yet responded to the proposal, which was made last week, the people said...

    Read Full Article

    Login to comment.

  1. Categories

    1. BoardProspects Features:

      BoardBlogs, BoardKnowledge, BoardMoves, BoardNews, BoardProspects Announcements, BoardProspects CEO, CEO Blog, Competitor Corner, In the News, Member Report, Partner Publications, Question of The Week, Sponsored Content
  2. Quotes

    1. Its board of directors unanimously determined the proposal is grossly inadequate and not in the best interest of Aimco and its stockholders.
  3. Topics Mentioned

  4. Authors