Orion Properties Board Determines Kawa Capital's Proposal Significantly Undervalues The Company And Is Not In Best Interests Of Orion And Its Stockholders

Author: Benzinga Newsdesk | July 09, 2025 04:14pm

Board Determined Proposal Significantly Undervalues the Company and is Not in the Best Interests of Orion and its Stockholders

Orion Properties Inc. (NYSE:ONL) ("Orion" or the "Company") today announced that the Company's Board of Directors unanimously concluded that the acquisition proposal to acquire all of the outstanding shares of Orion for $2.50 per share in cash submitted by Kawa Capital Management on June 20, 2025, 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.

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