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Sila Realty Stock Tender Offer Oversubscribed

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Sila Realty Stock Tender Offer Oversubscribed

Jul 24, 2024 11:17 AM

01:46 PM EDT, 07/24/2024 (MT Newswires) -- Sila Realty Trust ( SILA ) said Wednesday its tender offer to repurchase stock was oversubscribed.

The company received valid offers for 4,670,381 shares at $22.60 each and accepted for purchase 2,212,389 shares to meet its $50 million threshold.

Sila Realty ( SILA ) said the stocks it repurchased represented 3.9% of its outstanding shares as of July 19.

Price: 23.73, Change: +0.17, Percent Change: +0.70

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