Orion Properties Inc. has confirmed the receipt of a revised unsolicited, non-binding indication of interest from Kawa Capital Management to potentially acquire all outstanding shares of Orion's common stock not already owned by Kawa. The revised proposal offers a cash consideration of $2.75 per share. This follows a previous proposal from Kawa on June 20, 2025, which offered $2.50 per share and was subsequently rejected by Orion's Board of Directors on July 9, 2025. Orion's Board, with the assistance of its financial advisor, Wells Fargo, and legal advisor, Hunton Andrews Kurth LLP, will review and evaluate Kawa's updated proposal.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Orion Properties Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250717291175) on July 17, 2025, and is solely responsible for the information contained therein.