Stratus board unanimously rejects NXSTEP's unsolicited acquisition bid

STRATUS PROPERTIES INC

Board determined NXSTEP's Feb 20 proposal 'substantially undervalues' Stratus.
Stratus will continue executing its business strategy rather than pursue the bid.
Company will not comment further unless required or appropriate.
Lead independent director conveyed the decision in a letter dated March 4, 2024.

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