American Spectrum Opposes Tender Offer.HOUSTON -- American Spectrum Realty, Inc. (AMEX AMEX See: American Stock Exchange :AQQ AQQ Annual Qualifications Questionnaire ), a real estate investment and management company, headquartered in Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the , announced today that it is recommending to its shareholders that they reject a tender offer from MacKenzie Patterson Fuller, LP and affiliates to purchase up to 10.41% of the total outstanding shares of American Spectrum Realty, Inc. for $20.50 per share. American Spectrum Realty, Inc. pointed out that the $20.50 being offered is below the current market price of the shares, which for the last 30 days ranges from $22.00 to $24.90 per share. American Spectrum Realty, Inc. is a real estate investment and management company that owns 26 office, industrial, and retail properties aggregating approximately 2.1 million square feet in California, Texas, Arizona, South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. and the Midwest. Publicly traded on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. since November 2001, American Spectrum Realty's business plan focuses on expansion of office and industrial property investments in California, Texas and Arizona. |
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