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MCB Real Estate has increased its offer to acquire Whitestone REIT to $15.00 per share, valuing the total deal at approximately $1.45 billion. This new proposal represents a 14.5% premium over the initial offer. The company has communicated its all-cash proposal to the Whitestone board, emphasizing the certainty of the offer and seeking engagement. In other market news, Primaris REIT successfully closed a $74.7 million treasury and secondary equity offering, while KBS completed a $550 million refinancing facility for Prime US REIT. Additionally, CC Cap announced a $250 million investment in Westaim at a share price of CAD 4.75, alongside a stock buyback plan worth up to $100 million at CAD 5.00-5.25 per share.
