TEL AVIV, Israel, Jan. 3, 2022 /PRNewswire/ -- The Capri
Family Foundation ("Capri") announced today the results of its cash
tender offer to purchase 959,837 ordinary shares of Optibase Ltd.
("Optibase") (Nasdaq: OBAS) (TASE: OBAS), not already owned by the
bidder group, for $11.20 per share.
The tender offer, which commenced on December 1, 2021, expired at 10:00 a.m., New
York time (5:00 p.m.
Israel time), on December 30, 2021.
Capri was advised by the depositaries for the offer that, as of
the expiration date of the tender offer, a total of 689,926
Optibase shares had been validly tendered, and not withdrawn,
pursuant to the offer. The offer included a minimum condition that,
in relevant part, at least 699,025 Optibase shares be validly
tendered and not withdrawn. The minimum condition of the offer was
not met and therefore none of the tendered shares will be accepted.
The tendered shares not previously withdrawn will be returned
promptly to their respective tendering shareholders.
Capri is evaluating its strategic alternatives with regard to
Optibase. Among other possible alternatives, Capri may commence
another tender offer for Optibase shares, at a price to be
determined.
Forward-Looking Statements: This press release may
contain forward-looking statements. The accuracy of such statements
is subject to a number of risks, uncertainties and assumptions that
may cause actual results to differ materially from those projected,
including, but not limited to, the effect of general economic
conditions, political events and fluctuations in the share price of
Optibase. These statements are based on information available at
the time of the press release and Capri undertakes no obligation to
publicly update any forward-looking statements, whether as a result
of new information, future events or otherwise (except as required
by law).
About Capri: Capri is a foundation organized under the
laws of the Republic of Panama.
The Information Agent for the offer is:
D.F. King & Co., Inc.
48 Wall Street, 22nd Floor
New York, NY 10005
(800) 829-6554
(212) 269-5550 (banks and brokers)
optibase@dfking.com
View original
content:https://www.prnewswire.com/news-releases/the-capri-family-foundation-announces-the-results-of-its-tender-offer-for-optibase-ltd-nasdaq-obas-301452656.html
SOURCE Capri Family Foundation