|Bid||25.22 x 800|
|Ask||25.25 x 1400|
|Day's range||25.21 - 25.28|
|52-week range||24.73 - 25.64|
|Beta (5Y monthly)||0.79|
|PE ratio (TTM)||33.54|
|Forward dividend & yield||1.53 (6.07%)|
|Ex-dividend date||13 Aug 2021|
|1y target est||N/A|
CHICAGO, August 31, 2021--Equity Commonwealth (NYSE: EQC) announced today that its shareholders approved the proposals in connection with the proposed merger with Monmouth Real Estate Investment Corporation (NYSE: MNR), or Monmouth. Earlier today, Monmouth announced it did not receive the requisite shareholder support for the merger proposal at its special shareholder meeting. As a result, Equity Commonwealth has terminated the merger agreement and has requested reimbursement of fees and expense
CHICAGO, August 25, 2021--Equity Commonwealth (NYSE: EQC) today announced that its Chairman of the Board, Sam Zell, and Chief Executive Officer, David Helfand, sent the following letter to the shareholders of Monmouth Real Estate Investment Corporation (NYSE: MNR) reiterating the merits of the pending transaction.
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Monmouth Real Estate Investment Corporation (NYSE: MNR) to Equity Commonwealth (NYSE: EQC). Under the terms of the proposed transaction, shareholders of Monmouth will receive 0.67 shares of Equity Commonwealth for each share of Monmouth that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.