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Centerspace (NYSE:CSR) today confirmed that earlier this fall its Board of Trustees initiated a review of the Company's strategic alternatives. With the support of its independent financial and legal advisors, the Board will consider a wide range of options including, among other things, a sale, merger and other business combinations, as well as continuing to execute on its independent business strategy.
Centerspace has not set a timetable for the review process, nor has it made any decisions related to any potential strategic alternatives at this time. There can be no assurance that the review process will result in a transaction or other strategic change or outcome. Centerspace does not intend to disclose or comment on developments related to this review unless or until it determines that further disclosure is appropriate or required by law.
BMO Capital Markets Corp. is acting as Centerspace's financial advisor and Wachtell, Lipton, Rosen & Katz is serving as legal counsel.
Posted In: CSR
