- Host Hotels & Resorts ( NASDAQ: HST ) on Wednesday recommended that the holders of operating partnership units reject an unsolicited mini-tender offer by MacKenzie Capital Management.
- MacKenzie Capital offered to buy up to 100K operating partnership units of Host Hotels & Resorts, L.P. at $13/unit.
- HST said the offer price was below its closing price on Sept. 13.
- MacKenzie Capital had launched multiple mini-tender offers between 2016 and 2021.
For further details see:
Host Hotels & Resorts asks operating partnership unit holders to reject mini-tender offer