Stratus properties inc. responds to unsolicited, non-binding acquisition proposal

Austin, texas--(business wire)--stratus properties inc. (nasdaq: strs) (“stratus” or the “company”) today confirmed that on january 24, 2024 it received an unsolicited, non-binding proposal from nxstep opportunity partners (“nxstep”) to acquire stratus for $27.18 per share in cash, subject to adjustments. nxstep's proposal was subject to a number of conditions and assumptions, including important assumptions that were incorrect. stratus' board of directors (“board”) considered the proposal and.
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