Whitestone REIT rejects acquisition offer from MCB Real Estate

Whitestone REIT

Board unanimously declined MCB's unsolicited offer, citing inadequate valuation.
Letter from CEO David K. Holeman states management has a clear value-creation strategy.
Offer was made June 3, 2024; response dated June 10, 2024, disclosed via 8-K.
Whitestone remains open to continued dialogue with MCB as a shareholder.

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