Just three days after Columbia Property Trust rejected activist investor Arkhouse’s slate of board nominees in a proxy fight, the private equity firm doubled down its pressure on Columbia with a $2.24 billion unsolicited takeout bid.
Columbia Property Trust Gets $2.24 Billion Unsolicited Bid, but Market Isn’t Convinced Deal Will Happen
Arkhouse-Led Group Says Investors ‘Suffered Through Years of Value Erosion’
By Andria Cheng
CoStar News
March 19, 2021 | 9:11 P.M.
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