Host hotels & resorts recommends that holders of operating partnership units of host hotels & resorts, l.p. reject “mini-tender” offer by mackenzie capital management, lp

Bethesda, md., april 01, 2021 (globe newswire) -- host hotels & resorts, inc. (nasdaq: hst) (the “company”) has learned that mackenzie capital management, lp (“purchaser”) made an unsolicited “mini-tender” offer for up to 90,000 operating partnership units (“op units”) of host hotels & resorts, l.p. (“host l.p.”) at a price of $12.27 per op unit less cash distributions made by host l.p. after february 28, 2021 (the “mackenzie offer”). this follows multiple earlier “mini-tender” offers by the purchaser launched between 2016 and 2020. neither the company nor host l.p. are in any way associated with the mackenzie offer, and holders of op units are under no obligation to take any action with respect to the mackenzie offer.
HST Ratings Summary
HST Quant Ranking